Who is making the most money from these high oil prices?

Question

Who is making the most money from these high oil prices?

Answer 1

It is NOT the governement making more money off of oil now, regardless of what these other answerers have written.

the Federal Gas Tax is 18.4 cents a gallon. It doesn't matter if gas is $2.50 a gallon or $5.00 a gallon, The gas tax is still 18.4 cents per gallon.

Answer 2

Oil companies and government. No one else.

Answer 3

Speculators do make money, sure .... but if they bought at 110 earlier in the year and sell now at 135, they make 25 a barrel

The Saudis, and the oil producing countries, and also Gas producers like Russia (nat. gas was stupidly pegged to crude oil in the 70s) have it as a natural resource, so make 135 per barrel, less costs of about 7 to extract ...

the producers are getting rich!!

EDIT: To a nobody .... speculators in general make money, it's not a zero sum game for speculators ... when they buy, the people on the opposite side may be oil exploration comapnies, selling to hedge in future prices, governments (as in FOREX when they go against speculators to prop up their currency) ... most hedge funds in the past few years have been LONG oil, the sellers are a variety of people, but not normally counter trending hedge funds

Answer 4

the CEOs of the gas companies...

Answer 5

Speculators in the oil futures markets.

Answer 6

there is a goo 60p plus from each litre that is fule duty and then 17.5% VAT, the goverment are making a killing, they get the most out of petrol prices, then the oil companies, the actual retailers don't make very much at all per litre

Answer 7

government

Answer 8

Oil producers, or oil companies

Answer 9

Our friends the arabs and other oil-producing nations.  Essentially, we're funding the islamic terroists that want to destroy us and other buddies like Hugo Chavez and Putin.

Answer 10

You can't say speculators, since for every buyer there has to be a seller, so if one wins, one looses.

The oil companies are making money since it is their business to produce oil BUT  the oil companies at the present time are making around 4% return which is lower than most other industries.

The Government is making the most money on oil, since it taxing the users, taxing the producers, and taxing the speculators.

And more importantly, those foreign nations that supply the oil, mostly those of the OPEC nations

Answer 11

The middle men..

Answer 12

Sovern Countries that have HUGE oil reserves.

Saudi Arabia government

Kuwait Government

Brazil's Government.

Venezuala's Government

Mexico's Government