2007-12-26 17:13:06 · 10 answers · asked by bradryckman@rocketmail.com 1 in News & Events ➔ Current Events
While it is comforting to simply think that an all powerful oligarchy is conspiring to raise prices, it's simply not true. Neither OPEC nor American oil companies are benefiting from higher oil prices. Look at the numbers, U.S. oil demand has fallen for six weeks in a row. This is the result of new car buyers purchasing more fuel efficient vehicles, business owners switching to more efficient fleet vehicles and home owners implementing more efficient appliances.
The reality is that WE all are behind high fuel prices. America's demand has risen consistently over the past several decades. India and China have 1.9 billion people who are all tired of riding bikes and reading by candle light. They are demanding more cars, motor bikes, and oil powered power plants. Demand has simply out paced supply. Combine the demand with the restrictions on refinement, and you have high oil prices.
2007-12-26 17:26:22 · answer #1 · answered by Chris 6 · 4⤊ 0⤋
People forget that demand has skyrocketed. China has increased it's industrialization exponentially. China is the number one producer of CO2 which simply means it uses more energy than anyone else on Earth. Also, insecurity in the Middle East has had a factor on oil production. The 2005 Hurricane season severely hit the Gulf Coast's oil refineries. Simply put, demand has risen, supply has fallen which (if you know anything about economics) raises prices.
2007-12-26 18:30:21 · answer #2 · answered by Anonymous · 2⤊ 0⤋
George Bush Can't help but to open his mouth about oil and the prices go up for instance when he said by the year 2020 alll cars should run on at least 15% ethanol imediatley prices went up 5.00 dollars a barrel
2007-12-26 19:04:51 · answer #3 · answered by Who Knows? 1 · 0⤊ 2⤋
No, it is the F***tards that like driving around on their SUV's.
Please learn some basic economics. If you use a lot of oil and their is a limited supply of it the price will go up.
2007-12-26 21:02:38 · answer #4 · answered by Gamla Joe 7 · 2⤊ 1⤋
Sounds good to me. I'll go with the Oil rich people in the White House. Can I go to sleep now?
2007-12-26 17:17:59 · answer #5 · answered by Anonymous · 1⤊ 3⤋
Of course as a major factor but not the whole cause
2007-12-26 18:57:28 · answer #6 · answered by Ahmad 5 · 0⤊ 0⤋
demand for gas is high and supply is low, if you think it is bush boy oooo boy are you lost and id like to sell you some beach front property in Arizona!
2007-12-26 18:21:29 · answer #7 · answered by Robert D 1 · 1⤊ 3⤋
the bush family is oil tycoons, u figure it out
2007-12-26 17:15:12 · answer #8 · answered by James 4 · 2⤊ 2⤋
i think it is a jewish man named dan.... just a thought
2007-12-26 17:15:15 · answer #9 · answered by Anonymous · 0⤊ 1⤋
yes though they will tell us its Bill Clinton's fault
2007-12-26 17:25:31 · answer #10 · answered by Anonymous · 1⤊ 2⤋