What does the president have to do with gas prices?
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10-15-2012, 09:30 PM
Post: #4
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The Government holds barrels of crude oil in reserve, this reserve fluctuates with product and demand. the lower the reserve and more demand the higher the price per barrel. energy companys pay huge govermental and eviromental fees which is reflected in the cosr per barrel. storms in the gulf, oil spills, war in the middle east affect oil prices. this is called a projected oil price increase. in other words because of the war disaster etc crude oil maybe harder to get so we may have to dip into our reserves thus a price increase. depending on where you live approx 25 cents per gallon of gas is state taxes. The government regulates not only fuel cost but food as well. milk, corn you name it the government regulates it.
Now lets touch upon America tightening the belt on fuel companys tapping into our own fossil fuel deposits. Getting fuel here on our soil would cost the energy companys less per Barrel to extract. But that comes with a huge eviromental cost. pristeen forests devistated, mountains ripped apart for coal, ground water poisioned. There is clean energy available. Wind power, solar, hydro we need to stop being so dependant on oil which is the bottom line. |
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Messages In This Thread |
What does the president have to do with gas prices? - 99potatoes - 10-15-2012, 09:21 PM
[] - Joe in texas - 10-15-2012, 09:30 PM
[] - Grizzly Man - 10-15-2012 09:30 PM
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