WHY?
2007-12-30 15:12:07 · 16 answers · asked by ? 5 in News & Events ➔ Current Events
They jack up the prices for any reason at all.
2007-12-30 15:15:09 · answer #1 · answered by johN p. aka-Hey you. 7 · 0⤊ 2⤋
Amazing !! The Environmental wackos` have supported the agenda of " no new refineries to be built in the last 35 years " ! Use your brain just a little ? With no new refineries allowed to be built in the last 35 or more years , would you surmise that in that time span of 35 or more years , that there are now millions more cars` , trucks , buses` , ships` , etc. , etc. , that there were 35 years ago ?? The answer is an obvious YES , regardless of what the NY Crimes newspaper and CNN tell you ! So ; you won`t allow the USA to build more refineries here at home to cover the increase in demand for millions more vehicles ? So ; here`s your SIGN ; you are having ancient refineries try to keep up with the gas and oil demand for millions more cars , etc. ! Here it is so simple you can understand it ! You work at a job , I assume ? 8 hours a day ? 5 days a week ? Oops` , now the demand has gone up for your product , and you are having to work 7 days a week , 16 hours a day , and you have to produce 10 times as much product for the same pay you were getting for 5 day week and 40 hours ? Do you feel " manipulated " ? The question is now in your court ! How much more are you willing to produce for nothing more ?
2007-12-31 00:02:33 · answer #2 · answered by Anonymous · 1⤊ 0⤋
You do realize that this has been doing on for some time, and that it's not JUST Katrina, right?
It's amazing how the oil prices drop right around election time but rise right when it's over. And for some reason, the oil jumps right before the holidays.
2007-12-30 23:15:45 · answer #3 · answered by FaZizzle 7 · 1⤊ 1⤋
it is not the oil companies.
it is the rich futures market investors that set the oil prices.
they are using nonevents as a reason to raise prices.
only someone that has no idea how the market works would think that the oil companies set the price of oil.
before 9/11 they raised the futures prices on what happened now they raise then on what might happen.
many of these rich investors are rich Arabs. and the chinese
2007-12-31 00:45:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The stations that were affected by Katrina were not large enough to even implement some grand oil-price-spike conspiracy.
Sorry. I believe conflict and political conditions around the world caused OPEC to stay on the defensive; not devils in suits who want poor babies to starve.
2007-12-30 23:45:25 · answer #5 · answered by bablshams 3 · 1⤊ 1⤋
They are not. Petroleum is traded worldwide, and no one company has a large percentage of the market. Damage to refineries after Katrina raised margins for those that were still functioning, as one would expect, but that hardly amounts to manipulation.
2007-12-30 23:30:57 · answer #6 · answered by Anonymous · 3⤊ 1⤋
They've been manipulating the prices of oil since 9/11.
2007-12-30 23:16:02 · answer #7 · answered by Tiffany S 4 · 0⤊ 3⤋
this has to do with the refineries. there are not enough of them and some had to be shut down.
i am not sure if the oil companies have that power alone but perhaps if the oil companies and the government are working together it could be so.
The main reason oil is up so high is that it is mostly imported and you dollar is no longer worth anything.
sorry. your government sold you out.
2007-12-30 23:17:52 · answer #8 · answered by needliberty 2 · 0⤊ 2⤋
the government finds any excuse to jack up the oil price. mainly because our president and all his people are involved in oil. i guarentee that prices will drop in about 5 months when the presidential election heats up.
2007-12-30 23:17:21 · answer #9 · answered by georgee 1 · 0⤊ 2⤋
If you recall, processing plants on the Gulf Coast got wiped out. Plus we have a prez whose family is IN the oil business.
2007-12-30 23:16:06 · answer #10 · answered by justbeingher 7 · 0⤊ 2⤋