Nope! I don't believe much of what the government and the politicians say - I'm way over 40 and really really really long for the days when these people meant what they said. The price gouging, the forked tongued promises, the private lives being dragged thru the mud, the blatant greed and the laws that only benefit the politicians and the wealthy! Jeez! When will the public wake up and see what our ';elected'; officials are doing to our country and to us for their profit and gain??????Does anybody over 40 years of age believe oil prices have anything to do with supply and demand?
i guess not
most over 40's will likely say dirty politics.
bush two sided face when it comes to the oil barron countries.
No. Just greedy politicians
I'm over 40 and boy do I hate to admit that. I believe the main reason for the rise in gas %26amp; oil prices isn't due to the lack of diminishing oil and the companies trying to get all they can before it runs out but due to ';keeping up with the Jones's so to speak';. In the 90's we have had more self made millionaires than ever before in history. Now when you have been showing off your wealth and prestige for years and some young kid pulls his brand new yahct next to yours and it puts your old tug boat to shame, your gonna try to extract more money to buy a bigger and better boat. Also to say that you are a million air through your own engineering and design is much more attractive to listeners at a dinner party than to say you've made your fortune in the oil buisness- they rank about the same as lawyers. That's my conspiracy theory anyway.
No. The price is entirely determined and manipulated by a relatively small group of people worldwide - who literally make billions of dollars by gouging the rest of us.
They know that the US economy and most individual citizens are ';addicted'; to gas and cannot refuse to fill-up. They also know that we do more driving in the summer, so they make sure an create a reason to hike prices during this peak period.
Congress frequently vows to investigate price-fixing and gouging in this industry, but never once have I heard what they found out.
I don't believe there is any looming shortage of fossil fuels either. I think every one of us and all of our children will be dead and burried before the Earth runs out of fossi fuels - so any ';shortage'; is a crock.
For 30 years I have heard that there isn't a shortage of oil, but a shortage of refineries - well, there has been plenty of time to build more refineries but that hasn't happened either.
Nope - oil and gas are immune from the laws of supply and demand. Demand is constant and supply is manipulated to set the price.
Supply and demand is only when you running out of something and consumers are willing to pay more for something they dont need. Otherwise its GOUGING
I'm 50 and I stopped believing in fairy tales a long time ago. They'll be back up after the elections in November. Bush is scared crapless over Repubs numbers, they're pulling out all the stops and this is just another one.
If you are over 40 , then you must have forgotten about the gas rationing , and sitting in long lines hoping to get your 10 to 20 gallons for the week under Jimmy Carter .. The demand was there then , but the supply was not , so the answer to your ';gas '; question is YES !! Also , No new refineries have been built in the United States for over 30 years !! How many more cars do you think are on the road today than 30 years ago, and you expect the price of gas to stay the same even though the capacity of refineries did not increase at all , and the number of vehicles has increased 10 fold ?? The old refineries we have today still have to operate on a schedule that requires them to produce diesel fuel , kerosene , regular gas , plus grade gas , premium gas !! Now anyone with a hint of intelligence should know that you can`t produce all these different products at the same time ??? And please don`t forget about the Home Mortgage Interest Rates being over 20% under Carter !! Give it up on blaming one poliltical party or the other for our woes !! We drive like there is no tomorrow , and we the people have control of how high gas prices go . Get off the road for a day or two , and the ';demand'; will decrease , and there will be a surplus . But no , we have to drive more and more and more and ***** about the cost of not letting the refineries catch their breath !! Ain`t nobody`s fault but our own , not the GOP !!
The government has no control over the commodities market which is where oil prices are set according to demand among buyers. A free market economy is an entity that is self sustaining and volatile. The Government can technically control several things that can have an effect,but it's far far easier to spike prices than drop them.
Yes it is supply and demand. All the kids in school now, so less driving. Just think of all the trips you have to make for your kids during the summer.
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