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Who is really to blame for high oil prices? :: mo'Money

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Uploaded by on May 7, 2006

Forget the Iran and Iraq worries, Iran's new oil-euro exchange, shortages, increased demand, the OPEC cartel, inflation, and high taxes. Let's just blame the oil companies for high gasoline prices!
Host: Alexander Paul Morris
Links/Notes/Transcript: http://www.vlogolution.com/vlog/archives/15-Are-the-oil-companies-really-to-b...

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  • the price of gas in america has barely risen. there has been an inflation that has decreased the value of the dollar drastically. and yea, i learned that from ron paul.

  • There's a lot of people who don't like to hear that taxes make up a huge chunk of the price per gallon of gas.

    Until gas prices come back under control, we'll have to make do with less.

  • Yeah, I'm sure the oil companies really hate all these overseas conflicts. I'm sure they hate 'da speculatahs.' They would never use their power and positions of mutual interest in the executive to influence foreign "policy" (if you can call it that without throwing up).

    They would also never work in mutual interest with pharmaceutical and chemical companies to influence domestic policy (again, vomitus rises).

  • The major oil companies all have profit sharing agreements(PSA) with OPEC. They don't have to "conspire" to increase profit; it's built into the system. Oil refineries? Oil companies have NO incentive to build more refineries. Building refineries cost money, that cuts into profit. Also, and just as important: more oil refineries mean more gasoline available. What does this mean? It means oil companies can jack the prices of gas up ANYTIME there is a spike in the price per barrel of oil.

  • JERK!

  • Obama's energy policy is doing the job. Gas is more affordable now than it was a year ago when Bush was in power. Now if Obama could fix the price of Hulihuli chicken at Foodland -- it's ridiculous.  Obama must mandate that hot chicken can cost no more than 5.99.

    Hey, if he can dictate to General Motors, he should be able to control the price of a dead chicken. Otherwise, what good is he?

  • heavy on the ASSet

  • lol you sir are a hack

  • Lindsey Williams The Energy Non-Crisis - Pt 1 of 8

  • Next time please wear something much more revealing! We want to see your Goods, your Package and all. As for Oil, well get a bicycle for Goodness sake or better yet walk!

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