If you think about it, high gas prices are soon going to lead to the economic collapse of oil and gas companies, Texas, and the middle east as well, because they have forced us to aggressively pursue the alternative fuel technologies that we were happy to ignore when gas was 80 cents a gallon. And it's happening. Within just 10 years, our gas-powered cars will be relics that no one will want to buy.
The entire fuel paradigm is going to change. Yes, we'll still use oil (for heating, etc.)... for NOW at least... but the major consumer -- automobiles -- will be going away. And there will be interest in heating, etc. with the same technology.
So what's going to happen in the Middle East when the source of their wealth and power suddenly goes away?
Makes me wonder whether this is the plan all along. Maybe there's a REASON Bush's oil and gas trader cronies are pulling the prices up so high, to destroy the Middle East money source?
What do you think?
2007-11-30 08:46:12 · 8 answers · asked by Anonymous in News & Events ➔ Current Events
Its really not the greedy gas companies. It is OPEC that controls flow of oil. The Government makes more money off of a gallon of gas than the oil companies do. If we were able to drill in Alaska and build another Oil refinery we wouldn't have these high prices, but guess which political party won't let that happen?
2007-11-30 08:58:17 · answer #1 · answered by Anonymous · 1⤊ 0⤋
I wish I could believe that, but I don't. I think they are doing it because it increases their profits. Look at Exxon-Mobil's last quarter. The highest profit in history of any company.
If they really wanted us to be less dependent on Middle Eastern oil, they'd long ago have put money into research and development of alternative fuels and vehicles. But they actively fight this on grounds of the "free market". And just drilling in Alaska wouldn't help for at least ten years and is acknowledged to be able to supply only a very small percentage of the oil we are currently using.
2007-11-30 09:22:50 · answer #2 · answered by mommanuke 7 · 1⤊ 0⤋
Oil price is not that high if you take inflation and poor value of dollar into consideration.
The gas price is still relatively low in the UK compared to the US, however there has still only been around a third of all oil and gas resources consumed. As new technology evolves we are able to develop more and more fields and wells.
Gas powered cars are also run on Liquified Petroleum Gas and not natural gas. Also all cars after 10 years in our disposable society are worthless.
2007-11-30 09:04:13 · answer #3 · answered by Fiona R 1 · 0⤊ 2⤋
May very well end up the collapse of working people before it even effects gas companies.
Oil will always be in high demand, think of all the things that are made from it to include medicine's.
2007-11-30 08:53:33 · answer #4 · answered by Dave M 7 · 0⤊ 1⤋
Gas prices have not adjusted that much over time after you figure in inflation!
2007-11-30 09:00:33 · answer #5 · answered by sremal_07 2 · 0⤊ 1⤋
"Within just 10 years, our gas-powered cars will be relics that no one will want to buy."
Why, and how?
2007-11-30 09:57:42 · answer #6 · answered by CrowT 3 · 0⤊ 0⤋
no! The greedy gas companies are screwing us!
2007-11-30 08:53:15 · answer #7 · answered by Anonymous · 1⤊ 1⤋
yes
walk
2007-11-30 08:54:38 · answer #8 · answered by rare2findd 6 · 0⤊ 1⤋