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Who causes high gas prices, Bush, Cheney, OPEC, Oil Futures Speculators, the Congress, Al Gore or SUV drivers?

17 Answers

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  • 1 decade ago
    Favorite Answer

    All of the above... and you are missing a entire list of contributors... why don't I save you some time and just say that consumption of a product that virtually everyone on the planet that uses gasoline causes high gas prices. Afterall, that resource is limited.

  • 1 decade ago

    About 1999, a lady named Wendy Gramm headed the gov. agency that regulates markets. At the request of Ken Lay of ENRON she made a trading rule that allowed ENRON to really gouge the heck out of the State of California. Later, her husband, R.Sen. Phil Gramm inserted this same rule into legislation in the dead of night and this passed and that Great

    Republican Bill Clinton signed it into law. This enabled trading in energy futures (like oil) and gave rise to what is known as the "dark market" that is unregulated by anyone at all, and this allowed hoarding and two guys selling the same oil which never moved back and forth to each other at a profit each time to run the price up. Enter then the Hedge Funds and Investment Banks, also unregulated, and it came to pass that Morgan Stanley owned all the home heating oil in the northeast. The prices got higher and the Republicans got richer.

    This disorder in the market, deliberately contrived, is at the heart of the problem. Its a tip, if you will, on why so many of us Dems. don't like the Clintons very much. Hillary knows ALL of this and a LOT more, but didn't ever share it with any of us.

    This Republican Gramm family, Phil and Wendy, probably did this great country more damage than Osama bin Laden and his crew of loonies, but not as much as Bush and Cheney.

    Sen. Gramm is now the chief economic adviser to Sen. John S. McCain.

    Source(s): GOOGLE: THE ENRON LOOPHOLE
  • The people who have caused the high gas prices are the dems in Washington who have stood in the way of drilling and refining our own supplies. The are now say it wont lower the prices now. Well if we had not been held back for the last 20 to 30 years we would already be producing if we do not start no then 20 years from now they will be saying the same thing. And a news flash there is no alternative fuel that is even close to being ready for use on a large scale that will reduce the price right now either they need to wake up and think our country and people for a change. instead of being an obstacle to our country!!!!

  • Anonymous
    1 decade ago

    Oil Futures Speculators.

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  • Edg1
    Lv 7
    1 decade ago

    Bush-he didn't take out the environmental laws from Carter and Clinton.

    Cheney-no

    OPEC-absolutely, the Arabs now have a place to ski on artificially made snow in the desert-we are paying for it.

    Speculators-absolutely!

    Congress-Absolutely!

    Al Gore and his panick propaganda hasn't helped.

    Some of us need a vehicle that does it all as we can't afford two.

  • 1 decade ago

    All of the above, with the Bush/Cheney "oil junta" (a la Gore Vidal*) getting the largest share of the blame when you toss Iraq into the mix, acknowledge their administration has dragged its feet on alternative energy and improved CAFE (Corporate Average Fuel Economy) standards for 8 years, and crushed the dollar with reckless economic and foreign policy.

    Source(s): * ISBN 1560255021
  • Bobbie
    Lv 6
    1 decade ago

    Speculators, OPEC, a declining US Dollar, and not enough refineries making oil into gas. Exxon actually purchased refineries to shut them down.

  • 1 decade ago

    The middle east and the Chinese. Now that the Chinese are becoming a world power and they have a lot of money, their people can afford drive and they can afford the cars.And there are A LOT of Chinese people.This also applies to other developing countries such as India. The people who extract the oil in the middle east figure that since there is a large demand they can jack prices up.Basic supply and Demand.

  • 6 years ago

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    i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

    if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

  • Anonymous
    1 decade ago

    Smart people know it is speculators gambling on the prices. The dumb ones say "Bush and McSame".

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