Will Oil prices go back down if Bush and that Saudi Price start dating again?

Question

http://images.google.com/images?q=bush%20saudi%20kissing

Answer 1

No.  Oil prices are at record highs because:

1. Easy, cheap-to-pump supplies of it are running lower

2. Demand has risen dramatically in the last 5 years or so, and I'm not just talking about the U.S.    China, Japan, and India are consuming vast new amounts of crude oil, and that is driving up the price

3. The U.S. dollar has dropped to horribly low values.  If it had kept its value against the Euro since, say, 2001, we would be paying about $2.50/gallon for gas, which, adjusted for inflation, is about what we were paying in 1992.

You wanna see the price come down?  Stop using so much freakin' gas and oil.  That's the only thing that controls the price.   People are still filling up at $4 a gallon, so why should the price go down?  If you were selling pet rocks at $4 each and people were still buying them, would you lower the price?

Answer 2

They are still good friends, but the Saudi's don't approve of our middle east policies, so they won't help us.

Answer 3

they're still in bed.

it wont go down til a dem. gets in.

oil co.'s are scared of alternative energy being controlled by anybody but them.

Answer 4

ewwww. hahahahaha. good onee.

Answer 5

yes, yes they will.

Answer 6

Uh, no

Answer 7

if you can spell "prince" right then maybe...

Answer 8

No. 80% of the oil price is supply and demand and the other 20% is speculation. What people are too dumb to realize is that we get like 5% of our oil from the Saudis. 80% of our oil is from our country and canada.

Answer 9

For the short term, yes, in order to make people stop complaining.  Then the oil prices will go back up again.  You see, many white house big wigs bought oil futures and options in the early 90's (If you don't understand derivative securities then look it up.)....it's more favorable for them if the price to goes up, so then they can buy it for the contracted price(from a decade ago) then quickly turn it over and collect the profits.  

We need to look at LONG TERM solutions for energy, which includes alternatives such as wind, solar, biofuel, etc..... which will create more jobs in the US...and overall help our economy and make America more green!

Also, I know gas prices REALLY suck right now, but it was far worse in 1972 when there was a supply shock.  Shortages caused prices to be as high as today's equivalent of $6 per gallon, and people were limited as to much they could purchase at a time.

Answer 10

Not really.  But Bush would keep making a lot of money from the Oil shares he owns.   There is no way he would ever think to lower the price.   He just keep blaming to the economics and middle east.

Answer 11

maybe

Answer 12

Bush broke his heart so Hes breaking are wallets ha ha ha ha

Answer 13

just don't buy you wedding attire just yet.

Answer 14

you're an idiot with an uncompromising grasp of economics

*Prince*

Answer 15

are u kidding.. we are lining bush's pockets.. since he is a texan and into oil.. i think the days of under 3.50 a gal; will never be seen again..

Answer 16

no the rise in oil prices are because of ecomic ans industrial revolutions taking place in china and india...idiots who buy houses they cant afford helped too...you cant blame everything on bush

Answer 17

lol :)