2007-12-22 08:36:28 · 18 answers · asked by Anonymous in Politics & Government ➔ Politics
The price of oil won't change much. A new President doesn't eliminate greed.
2007-12-22 08:40:55 · answer #1 · answered by Anonymous · 2⤊ 1⤋
The war in Iraq will ensure a steady and cheap suply of oil. We will occupy the country for decades. If it drops in value at all it will ultimately be the credit of Bush and this war that we realize consistently low prices compared to other countries over time. Many countries currentloy pay 7 dollars or more a gallon.
2007-12-22 09:02:59 · answer #2 · answered by Anonymous · 0⤊ 0⤋
That's a joke. The oil companies are the ones that set the price of gas not the president. The only thing the president can do (only with the thumbs up from Congress) is put a limit to how much they can charge per gallon.
2007-12-22 09:43:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Annalist say that oil has about 20% risk premium due to fears of wars in the middle east disrupting supply. A new president may reduce these fears somewhat, so I see a 20% drop at the most, and much of the decrease may happen before the election if Bush's talk of military action is constrained by election year politics. Beyond that, only if we reduce our consumption.
2007-12-22 08:52:35 · answer #4 · answered by meg 7 · 1⤊ 1⤋
ummm... I guess you don't know how things work.... O.P.E.C controls the price of oil, not Bush. If you want to lower gas prices tell your liberal friends to stop TAXING gas prices.
And the profit oil companys make is only 7 percent per gallon. That law Jimmy Carter signed in to law.
Along with all the other gas problems we have to day, most of them can be linked back to the Carter Administraion.
2007-12-22 09:50:33 · answer #5 · answered by bmulek2000 3 · 1⤊ 0⤋
the big oil companies wont take that big of a pay cut. The days of sub $2 a gal gas are gone
2007-12-22 08:50:10 · answer #6 · answered by MIKE L 3 · 2⤊ 0⤋
I doubt it. Oil prices are a worldwide supply and demand thing. If Bush could single handidly control the price of oil, he'd be worth about three trillion dollars.
2007-12-22 08:39:22 · answer #7 · answered by fsfa 6 · 5⤊ 1⤋
I don't look for oil to drop unless we start drilling. Why would they lower the price if we are paying?
2007-12-22 08:58:02 · answer #8 · answered by Locutus1of1 5 · 4⤊ 0⤋
People with no knowledge of who controls oil prices may think that
2007-12-22 08:42:41 · answer #9 · answered by Anonymous · 5⤊ 0⤋
NO one
Wall St is predicting $120 a barrel by the summer of 2008
2007-12-22 08:41:48 · answer #10 · answered by whirling W dervish 2 · 2⤊ 2⤋