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Gas Prices/ Health Care- Monopolies?

I could be very wrong so somebody educate me if need be (and do so with an unbiased point of view.... i.e. dems vs gop.. that is not what this question is about)

Could the consistently high gas prices be due to there only being a small handful of oil companies and thus creating a monopoly.. being able to charge whatever they want. It seems like it does not have that much to do with how much the middle eastern states are charging us per barrel.

Could this same issue be relevant to health care?

Perhaps the fact that there are so few of these large corporations has turned them into monopolies.. and if so, what can we or the government do to step in and stop this without disobeying laws?

Thanks in advance. Again, none of that childish biased b.s. (dems/gop)

7 Answers

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  • Anonymous
    9 years ago
    Favorite Answer

    Nope, but few can afford the billions it takes to start a gas company anyway.

    Demand for oil in America is lower than it’s been since 2007. So what’s driving prices up if not demand? Wall Street. Just like the 2008 oil bubble that played a role in our economy crashing, Wall Street speculators behind the scenes are driving up the cost of oil and derivative markets and making massive amounts of money off it while Americans get fleeced at the pump. According to Tom Kloza, publisher and chief oil analyst at Oil Price Information Service, oil speculators on Wall Street have put $11 Billion on oil futures, betting the price will go up. When enough people bet, sure enough, the price goes up.

    Who is all in favor of letting the rich speculators do anything they want? That's right, the Republicans. Who wants to regulate business? That's right, the Democrats. Who wants to stop giving huge taxpayer subsidies to the oil companies? The Democrats. Who insists that we keep giving the subsidies? The Republicans.

    That’s the consequence of a financialized economy where Wall Street has to pick up the slack of “creating wealth” since we don’t manufacture anything anymore. Unfortunately, Wall Street can’t pick up the slack and has never created any actual wealth.

    ##

  • Anonymous
    5 years ago

    in the beginning, i surely do no longer understand whose theory it became into to start this wellness Care scheme! If it became into Obama's, he could desire to have taken medicine while he became into in college extremely of regardless of radical time table he had!! His college information are sealed, so as that tells me, he did no longer try this properly in college. If he were this style of large student, do no longer you think of he could have been crowing approximately it extremely of hiding it!? same is going for Pelosi and Reid. I surely have reported this till now, and he nonetheless hasn't replaced his techniques, while Obama makes a speech, he isn't chatting with the folk. and that i wish he might supply up applying the interest WE!! we are actually not amused! No, i think of we are able to get blamed for this considerable "errors" for no longer preserving the religion!!! we are able to be the UNAmericans who revolted against our government's desires!!! i ask your self how they are going experience while all of them step off their pedestals and connect the unfastened usa of america? in the event that they are legal specialists, they are going to locate it demanding to make a residing removed from Politics! I definately does no longer hire anybody of them!

  • Pat
    Lv 5
    9 years ago

    Yes

  • Anonymous
    9 years ago

    Its to terrible to talk about. I get so emotional and cry. Im sorry I didn't answer your very good question the tears are wetting my key board..

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  • Anonymous
    9 years ago

    Yes , you are correct . It is a insurance & drug company cartel .

  • Anonymous
    9 years ago

    why were gasoline prices so cheap under bill clinton?

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