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Do you think one of the reasons crude is so costly is because the Arabs hate us?
Not, that I blame them, think how we would react if they came over here to save us from ourselves and Bush.....not so pretty a picture now eh??
Thank you for all your interesting answers. Thank you CanadianBeachbum, we like you guys too. Lets face it, you are doing something right, no one wants to blow you up or go to war with you! I know that Europe has been paying a lot for a long time, so we just look whiny, but geez, I've never made so much money and been so poor before, even when I was raising small children!
12 Answers
- Anonymous1 decade agoFavorite Answer
I see you aren't reading my responses or questions. It's time to educate yourself on what has been happening with the commodity markets in terms of how they are regulated, how particular firms have manipulated some of those markets in the past and how lack of oversight sometimes can lead to widespread irresponsible speculation (because nobody is watching the fundamentals and blowing the whistle that trends are unsustainable and too heavily leveraged to avoid catastrophe).
- 1 decade ago
No, the reason crude is so expensive is because they have it and we don't. They also realize that they will be running out of crude oil in 12 to 15 years so they have to stuff their coffers while they can. Once it's gone they will be marketing sand. Do you know how much of a demand there is for sand?
- Lamest DuckLv 61 decade ago
Yes they hate us for supporting Israel, that is the announced reason they started this mess in the early 70s during the Yom Kippur War with an oil embargo. Sorry, but this predates both Bush administrations by decades.
- Puller58Lv 71 decade ago
Go back to the 1970s when OPEC hit us with the oil embargo. Fact is that this is a twofer. They hate us and love money. Simple isn't it? Less filling too.
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- nilesladLv 61 decade ago
The majority of our imported oil comes from Mexico and Canada which is priced the same as Arab oil.
- Anonymous1 decade ago
No, not at all.
Did you know that diesel fuel in England is now priced just a bit under $10.00 a gallon?
And people here think we have it bad.
- ?Lv 51 decade ago
Well we like you but world markets control the price of oil, and we like surplus budgets, so thank you for your addiction for our oil
- 1 decade ago
I wouldnt exactly call it hate, but more along the lines of "greed." Money talks..
- Anonymous1 decade ago
The ones that have the money love us. The ones that don't have money hate us.
It's just because they are greedy, and are allowed to price gouge.