high oil prices?
who believes that we are being ripped off by the oil companies, they use any lame excuse under the sun, to put up prices, is it not time for the united nations or some such powerful body, to take control , by limiting price increases to sensible levels, these powerful oil companies are holding the world to ransome, and causing untold hardship to the poorer nations, the amount of oil pumped per day,as far as i can gather, has not been affected in any way by recent events in the middle east, or anywhere else, or am I totaly wrong.
Asked By: firstname.lastname@example.org - 7/16/2006
Best Answer - Chosen by Asker
OPEC (a powerful body) controls production rates on three quarters of the worlds reserves. Almost 60% of that is in the Middle East. The middle east is a bit knackered up at the moment and there's no guarentee that it's going to get any better... More
Answered By: BOBH - 7/19/2006
Additional Answers (11)
Yeah, the lame excuses like hurricanes destroyed the drilling platforms in the gulf and the oil refineries and we have to rebuild them. Or there is World War 3 in the Middle East and we can not get as much oil because there are so many wells on fire.
Answered By: Thom - 7/16/2006
i think you are right, these oil companies made record profits and are saying that the only reason oil prices are going up is because of demand. If that was the case then the record profits wouldn't be there.
Answered By: elhombrevasco - 7/16/2006
Oil is in more demand, specificly by China and India. If you put restrictions on the amount oil companies can charge that is planned economics, and all the Republicans would scream at you for being a Communist.
Answered By: Mordent - 7/16/2006
It seems criminal to me that nearly every other industry in this country is suffering while one industry -- the oil industry -- rakes in record profits.
Answered By: postalmaria - 7/16/2006
Its really OPEC that dictates the price of oil. Not the oil companies, although their profits do seem to be more than needed.
Answered By: Saudi Geoff - 7/16/2006
Buy 2 cows, and use them to pull your car! Raging bulls vs Horse power! The milk will get you added income! And there won't be all those noxious fumes either! MODIFY: Of course I agree with you, I am just offering you an ecofriendly alternative!
Answered By: shrek - 7/16/2006
Get a bike , .... within 20years China will have all the BMW's and we will be using cycle taxis.
Answered By: andy_manc_uk - 7/16/2006
You are totally wrong. The oil companies are not ripping us off. They just pump the oil and get it to us. When the supply goes down, due to violence in the Middle East, or the simple fact that there is a finite amount of oil in the ground and no major oilfield discoveries have been made since the 70s, the price goes... More
Answered By: Alhamdoulilah - 7/16/2006
A heard a good solution a while back, the problem is getting enough consumers united to do it... More
Answered By: Uncle Jim - 7/16/2006
OK, look at it this way. you have a product to sell and you know what sort of price you can get for it... More
Answered By: lofty76 - 7/16/2006
Hig Oil prices are GOOD... More
Answered By: email@example.com - 7/16/2006
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