Do all countries pay the same amount of money for oil in every country?

Question

If it is the case why some people say that the US is plundering natural resources from poor countries?

Answer 1

no

Answer 2

The price of oil on the open market is priced in dollars, the price changes by the minute as demand increases and decreases during the day.

All countries who import the fuel on the open market, and all countries will therefore fore pay the same price.

Oil/Petroleum Products are often much cheaper in oil producing nations such as Saudi Arabia where the government controls production and therefore can choose to supply its home market at a subsidised rate.

The globally recognised source for the "current" oil price is Platts,

http://www.platts.com/Oil/Resources/

The main difference in the price of petrol and diesel you see at the pumps  in different countries is the tax that the government in each country decides to impose on it.

Here in the UK we have one of the highest rates of fuel duty (tax) in the western world, which is therefore reflected at the pumps by high prices to the consumer.

Currently in the UK out of every 100p litre pump price

- 50.35p is paid in fuel duty to the government

- 14.89p is VAT

- 7.22p is shared by the retailer and the distributor

Only 27.54p per litre is the cost (including profit) of the fuel.

Answer 3

while it is true that US is taking resources form other countries, it's not the reason why prices are climbing all over... and other countries pay much more for oil right now.

One reason Prices here are so high it the faking of a shortage in order to drive up prices. The same thing was done in the 70s and even the rolling blackouts in California that caused many deaths were just lies created by companies so they could drive up their prices

Answer 4

China subsidizes the price of gasoline to the consumer.   It is will the second largest user of oil before the end of this decade.  The U.S. pays for its oil on the open world market.  

Answer 5

Currently the world uses over 80 million barrels a day.

Market manipulation is a certainty by means of traders and speculators.

We manufacture in China as cheep as possible, or we shall ‘take our business else where’.

With the previous principle holding strong, could you reason that ‘OPEC’ countries would like to keep production as low as possible in order to stimulate a higher price?  The more oil on the market, basically, the cheaper the price.  Would you rather have $120 for two units or $120 for one unit?

Now, for the good part, there is talk of potential ‘peak production’ which could mean now matter how much we could grow, we may not be able to extract much more than the current production as oil wells start to dwindle. Transferring infrastructure is somewhat expensive; couple this with ever-difficult means of extraction.

But yes, those who produce vast quantities of oil generally do subsidise the price of oil products for the local economy. Venezuelan petrol prices If I’m correct are about 5  US cents equivalent, though due to economic ‘relativity’ may not come across as inexpensive to the local to the degree that you may think.

Ezee