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Originally Posted by gales0678
tell me why oil prices are going up now that bush is out of office , why can't obama get OPEC to cut the prices and save us all money ....surely if bush can control the price of oil and what opec charges for a barrell, obama can as well , why isn't he getting them to lower the px to help us all i thought he was going to be the messiah.
for the last 8 years all i heard was oil is high because bush is in office and he is linnig his friends pockets ...well why is it high now
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Not talking 'bout the price. I am talking about the profit made when the price goes up. This is a quasi monopoly. If they charge 10% profit on a gallon of gas, then think how much more they make at $4 a gallon. Should give them an incentive to keep the price a certain level. After $3 a gallon, they get 5% profit on gallon, and the gov't gets 5% profit. We could start eating away at that deficit. They could easily get by on 5 billion profit a quarter per oil company. You want ham? Go to the pig.
SCUD'S PIG PAC(T)