Is global warming warning bad for the oil business

Question

Is global warming warning bad for the oil business

Answer 1

Not hardly. Global Warming is an egg head scientist theory that most of the world would not follow.

so a few countries will comply but the majority of the world does not believe this malarkey

Answer 2

Global Warming is bad for all business because it is a Fraud.

Answer 3

I cannot imagine what any ambient air temperature have anything to do with crude oil 10,000 feet below the surface...........

Answer 4

Yes. People who care would start wanting alternatives to fuel rather than oil. Plus nowadays, oil is even more expensive than gold.

Answer 5

possibly as people are putting in more effort to find renewable resources in case we run out of oil and to save the planet from fossil fumes. however, it won't make much difference to the annual profits i doubt.

Answer 6

Since "Global Warming" is now "Climate Change", no.  The myth of man having a massive effect on the earth's climate is bogus and UNPROVEN.  Having said that, yes.  Liberals will find a way to regulate oil companies so their profits dwindle and jobs in that industry dry up (pun intended).

Answer 7

No

Answer 8

No.  If you are thinking about using oil to heat buildings, consider that it takes more energy to cool buildings than to heat them.  A/C is run by electricity, but many power plants burn fossil fuels to generate electricity.

We have had black outs and brown outs in summer, but no such problems in winter.

Answer 9

The tempature has dropped since 1998, I would say global cooling will be good for big oil...

Answer 10

Really, i dont think so. I mean, it should be since their pretty much the cause of Global Warming.

But so many people in the world don't do anything but keep buying the gas who's prices are getting rediculasly high. They keep complaining, but what do they do? Pay anyway. The oil business is kind of tricky, because nearly everyone still needs gas to fuel their cars to get around.

Is this confusing???

So I heard that oil companys only make about 4 cents of profit of each gallon of gas they sell, or thats just the spot where you anctualy get the gas to fill up your tank (Mobil, Expo, Valerpo, etc.).

So they keep up-ing the prices, so they continually get four cents profit, no matter how much their paying, and people need the gas so they keep buying.

Wow. Is this making any sence?

The oil business, the companys that actually pump the gas out of the ground, is doing GREAT. Why? Because they charge high prices and ya know what? People keep complaining, but still buying their gas.

Yeah. So my main point is that Global Warming isn't exactly affecting the Oil Business. I think.

I once heard that there's a man somewhere in Russia-ish area that makes one thousand dollars every second, and he's in the oil business.