What do you believe is the reason for the rising gas prices?

Question

Just an open ended question

I am between the reasons of wanting more money in their pockets and curbing peoples driving habits to save energy

Answer 1

IMF and  World Bank,  just to give an idea how these people operate,  who do you people think owns the amazon basin in Brazil, the world bank, does anyone know what they paid for it, an entry on a computer screen not gold not silver not even paper just a few numbers on a screen.

Answer 2

Greed, speculation, and an almost complete monopoly.

By monopoly, I only mean that oil has become an almost exclusive energy source worldwide. As alternatives to oil are developed, there will be more competition for the energy market consumer. That competition will do more to drive prices down or at least stabilize them than anything else.

Answer 3

Rising world demand has caught up with the amount that is supplied. American and other western oil companies are stepping up efforts to increase output, but the fact is, most of the oil remaining is held by OPEC countries, who are very slow and reluctant to increase output. Speculation by investors has been somewhat of a factor, but the above mentioned is the main one.

Note: The law of diminishing returns is having a major effect on western oil companies. It takes a lot of money (and time) to increase oil capacity, and most of their known reserves are getting close to being depleted. In other words, they are investing a ton of money to find new oil with very low returns on their investment (new oil output).

Answer 4

mortgage crisis =

credit crunch =

low business volume =

investors buying other things like commodities =

oil and gold

increased oil =

increased prices in everything....

in addition the president and vp have family fortunes invested in the oil companies and markets.  they have set up a nice nest for themselves and left me and my children to pay for this huge deficit that has been created in the past 7 years.

Answer 5

Part of it is greed and being opportunists. The Arabs can  now ski IN THE DESERT and are making their own islands from all the money we give them. Terrorism also uses up quite a bit of the money we give them.

Another reason is all the environmental laws that Clinton put in because he was in the pockets of the radical environmentalists that put the alleged  need of a few animals ahead of their country and people.

Answer 6

representatives of the World Bank and IMF. The ones who set the prices for oil arent the oil companies themselves, but those who bid on them in london and new york. Really, how else could the World Bank forgive all third world countries their national debt?  They sucked it out of you at the gas pump.

Answer 7

BUSH

Answer 8

over consumption by china and india

Answer 9

There are varying elements involved.  Reduced production in the middle east, higher demand in developing countries (china in particular, also india and petrol guzzling demand for 4wd's), and greedy politicians funding welfare (and their retirement) from taking a fairly hefty percentage takings.

Answer 10

One reason is the weak dollar. That means that the dollar can't buy as much as it used to, so you need more dollars to buy the same stuff, like oil. As oil gets more expensive, almost everything else gets more expensive because it costs more to ship it. When prices go up, that's inflation, which makes the dollar even weaker, and the cycle continues. Another reason is supply and demand. Hundreds of thousands of people in China and India are starting to get their first cars, which drives up the demand for oil. When the demand increases faster than supply, the price rises. There are probably other reasons, but those are the biggest. The solution is to break the addiction to oil and push for hydrogen cars.

Answer 11

China and India are growing really quickly and mass-producing a lot of products. To transport and make all those things uses tons of gas. Supply and demand makes gas prices higher.

Answer 12

someone told me it was because of the Democrats or Republicans or something...they're doing something and its not good...haha

Plus a lot of other countries with the oil dont like us.

Answer 13

I think mostly corp. greed. Also I think our government is big cause also.

Answer 14

Emerging third world economies (China and India in perticuler)

lack of US energy policy (nothing done for over 30 years)

The decline of the US dollar

Answer 15

The devaluing of the US dollar .

Answer 16

well I don't think its any of the reasons we are given LOL

however seeing as the cost of just about everything is going up why would gas prices be any different

but nows the time to get a hybrid car its only gonna get worse as the oil runs lower and the prices get higher

Answer 17

I think the government just wants more money