Because the supply of oils is monopoly. That the supply is controlled and owned by a tiny small group of people. It means they can control the price, they can sell oil at very high price, because no much other suppliers in the market to compete with them.
Maybe hygrogen would work really good. Not E85,cuz then corn prices will go up. Not electricity either, cuz then we'll waste that and that will go up on our homes. What about lizard urine? That question is not suppose to be fuuny it's suppose to be real serious. We need something like that or something.
To answer the question, please look up on 'You Tube' :- "The Most Important Video You Will Ever See (part 1 of 8)" If this doesn't answer the question, then I've simply been a waste of your time...
It is because of the speculation in the Futures market. Big hedge and Pension funds are buying futures because of the weak dollar and the low returns in the Stock Market.
Gas prices are high because we can no longer sustain our economy on oil. The age of industry based on oil is coming to an end, and it is going to be a painful transition for the next age that we are entering, but if we remain strong we can pull through the tough transition.
Oil is what keeps our current economy going. When oil is more difficult to obtain, which it is becoming, our economy must evolve or it will face extinction.
Falling dollar making oil Cheaper in "raising" foreign currencies. Alone, this increases foreign demand. Lack of refining Capacity in the US. Congress not willing to set higher fuel economy standards, beacuse congress is bought by big oil. Those are my first guesses. Its a perfect storm for US citizens to get F'ed, again!
This is the year the Stock Market crashes. Yep you heard it here first. 2008 will be the year the Stock Market collapses and America goes straight into a "Greater" Depression!
From what I've heard - oil goes to the highest bidder. People that dig up oil are in a price fixing cartel called OPEC (that can deliberately strangle supply to keep prices the way they like)
Supply and demand. The Republicans blame high oil prices on China's increased demand because rednecks love to blame foreigners. They don't mention that the U.S. destroyed a major oil supplier, Iraq, and constantly threatens another - Iran. Just follow oil prices every time Bush says he's going to take out Iran. It also doesn't help that the US dollar is worthless now because of our $10 trillion national debt. The USD is half what it was worth compared to the Euro just 5 years ago.
omg 2.47 a gallon thats cheap
contentlocked99 3 months ago
good question
99N92 1 year ago
because they can, simple like that!!!
999alex9991 1 year ago
WE didn't steal the country, and oil production is ran by OPEC, not the United States.
Why is it that conspiracy theorists so woefully uneducated?
sardoniclysane 1 year ago
Because the supply of oils is monopoly. That the supply is controlled and owned by a tiny small group of people. It means they can control the price, they can sell oil at very high price, because no much other suppliers in the market to compete with them.
tikman2007 2 years ago
Maybe hygrogen would work really good. Not E85,cuz then corn prices will go up. Not electricity either, cuz then we'll waste that and that will go up on our homes. What about lizard urine? That question is not suppose to be fuuny it's suppose to be real serious. We need something like that or something.
faribaultcounty100 3 years ago
To answer the question, please look up on 'You Tube' :- "The Most Important Video You Will Ever See (part 1 of 8)" If this doesn't answer the question, then I've simply been a waste of your time...
vanityfox451 3 years ago
It is because of the speculation in the Futures market. Big hedge and Pension funds are buying futures because of the weak dollar and the low returns in the Stock Market.
ccarmean1968 3 years ago
Gas prices are high because we can no longer sustain our economy on oil. The age of industry based on oil is coming to an end, and it is going to be a painful transition for the next age that we are entering, but if we remain strong we can pull through the tough transition.
Oil is what keeps our current economy going. When oil is more difficult to obtain, which it is becoming, our economy must evolve or it will face extinction.
oolceeoo 3 years ago
Falling dollar making oil Cheaper in "raising" foreign currencies. Alone, this increases foreign demand. Lack of refining Capacity in the US. Congress not willing to set higher fuel economy standards, beacuse congress is bought by big oil. Those are my first guesses. Its a perfect storm for US citizens to get F'ed, again!
u2canbfmj 3 years ago
This is the year the Stock Market crashes. Yep you heard it here first. 2008 will be the year the Stock Market collapses and America goes straight into a "Greater" Depression!
markymarkuss777 3 years ago
The reason: unstable oil markeds, because
oil producers has lost trust in U.S.A after Bush invaded Iraq based upon a currency shift
with oil trading under Saddam
The reason for U.S.A helping out Europe/Japan(marshall help++) was to gain dominance,
and the trophy was the standard of oil currency being set to us dollars in 1945
thus U.S.A could indirectly tax the rest of the world somehow similar to how the roman empire taxed other countries directly
This is of course not sustainable
lolland30 3 years ago
The oil currency being set to dollars has
made an income of several trillion dollars (if you tie to gold) over the years for U.S.A
it`s not on the surface, and Americans has had a self understanding that they are just good samaritans
lolland30 3 years ago
For some reason, I think America is still buying oil from other Arabian countries, who have raised the price again recently.
StubbornCanary 3 years ago
From what I've heard - oil goes to the highest bidder. People that dig up oil are in a price fixing cartel called OPEC (that can deliberately strangle supply to keep prices the way they like)
OghamTheBold 3 years ago
to bring the Amero...duh ;P
SwobyJ 3 years ago
Supply and demand. The Republicans blame high oil prices on China's increased demand because rednecks love to blame foreigners. They don't mention that the U.S. destroyed a major oil supplier, Iraq, and constantly threatens another - Iran. Just follow oil prices every time Bush says he's going to take out Iran. It also doesn't help that the US dollar is worthless now because of our $10 trillion national debt. The USD is half what it was worth compared to the Euro just 5 years ago.
SinnerJesus 3 years ago