$1.50 a gallon when Bush/Cheney are elected and $3.00 a gallon now. Is this just some random cosmic event?
2007-11-27 04:00:36 · 21 answers · asked by Anonymous in Politics & Government ➔ Politics
I don't believe it's a random cosmic event. Elections have consequences, and electing two oil men is not a wise decision. When these oil men start a needless war it drives prices even higher.
The United States should have a real energy policy that includes greater support for renewables and nuclear.
2007-11-27 21:48:04 · answer #1 · answered by Zardoz 7 · 0⤊ 1⤋
There's no connection, for those people who are economically literate and understand the concepts behind the international commodity market, and the basic concept of supply and demand.
Oil prices are based on supply & demand, and on investor consideration of future prices and risk.
When there is war and threats of war in significant oil producing countries, that increases future risk, and drives the prices up.
When a socialist thug takes over a nation and nationalizes oil production, that drives prices up.
When large countries have significant economic and industrial advancement, like India and China, that hugely increases demand for oil.
Taken altogether, those drive up the price of oil on the international commodity market, which no President of the US has any power over.
Sure, the price might not have increased as much if we didn't invade Iraq, but is that a sufficient rationale for not doing the right thing? I don't think so.
2007-11-27 12:13:36 · answer #2 · answered by Anonymous · 1⤊ 4⤋
Only if you think that consumption increases in China and India have no effect on international commodities. Add that to OPEC reducing production as a price control method and...Presto. So let me get this straight, the largest oil producing nations in the world and other consuming nations have no imput at all, Bush controls all the worlds oil and dictates prices to OPEC as well, get a clue. Stick to a liberal "talking point" that you have a chance of understanding.
2007-11-27 12:03:49 · answer #3 · answered by booman17 7 · 3⤊ 4⤋
Well there is some truth to that but lets get down to the real truth of the matter. Sure big oil is raking in huge profits its the law of supply and demand low supply high demand = high prices! And sure they are raking it in in truck loads! Why?-------Because we have a FAILED energy policy in the good ole USA. You wanna "blame" or point fingers? Point em at the tree huggers and greenies who wont allow more domestic oil or nuclear power plants or refineries to be built! The same ones who wont let trees be cut away from houses in California! Save a tree kill a family of three! Dont blame big OIL or BUSH! They are just raking in the profits of a failed
Energy policy!! Get with it and get real!
2007-11-27 12:11:04 · answer #4 · answered by Anonymous · 1⤊ 3⤋
World demand increased those that produce cannot meet demand raise prices to try and combat demand increase.... did you know in much of Europe it is 5 euros per liter.... thats like 10 dollars for half a gallon.... quit trying to find conspiracy theories to briing Bush down when it is simple economics at work.
2007-11-27 12:07:50 · answer #5 · answered by Tip 5 · 3⤊ 3⤋
No, in a post 9/11 world and a hurricane that ravaged a good portion of where our refineries are located, it is mostly market forces at work.
However, I will concede that the profits that have been gained by Exxon and others should be more closely examined for any wrongdoing.
2007-11-27 12:07:42 · answer #6 · answered by Pythagoras 7 · 1⤊ 4⤋
about the same connection as two Clintons and Vince Foster.
2007-11-27 13:12:43 · answer #7 · answered by Shoot-em-All 4 · 0⤊ 1⤋
I don't think so.
The connections between Cheney and Haliburton are well known.
The connections between the Saudi royal family and Bush are less well known, but never-the-less reliably documented.
Why do you think the Bin-Laden family was given a "get out of the US FREE" ticket after 9/11?
2007-11-27 12:03:32 · answer #8 · answered by Elana 7 · 4⤊ 5⤋
No, it is no random cosmic event. It is caused by the oil cartels controlling the prices of crude.
2007-11-27 12:03:05 · answer #9 · answered by Anonymous · 4⤊ 4⤋
They still have 13 months to go....hang on to your wallet. Gas will spike around $5.00 per gallon by the time they are out of office. They have completed their task for their handlers...now it's just frosting on top of the oil well.
2007-11-27 12:07:42 · answer #10 · answered by malter 5 · 2⤊ 4⤋