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Originally posted by cheferson
Has nothing to do with the fact that they both have huge investments in oil , and bush's family has very close ties with the saudi royal family. Im sure there not cashing in.
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Um, how 'bout supply and demand?
Supply: OPEC is a cartel, they're limiting daily production. What do Bush and Cheney have to do with this? High energy prices HURT Bush's re-election prospects! (consumers get pissed off and you endanger the economic recovery) I don't think Bush and Cheney want high prices.
Supply part deux: Different states have different clean air and emission laws. Different states thus have different clean gas formulations. More different formulations = it costs more to make customized gas. Therefore, gas cost is increased.
Supply part trois: Your federal and state gov't tax the chit out of gas. What is it per gallon in your state?
Demand: India and China are guzzling a lot more product than they used to.
Demand part deux: Seasonally, demand for gas goes up during the summer season - we're all out driving to get to our fishing spots.
Less supply, more demand = prices going up.
Take a minute to think about what you are saying.