justaguy23456 asked:


1. Since finishing his term as U.S. President, George Bush Senior has worked as an independent consultant for the American Petroleum Institute (API) the trade association representing the U.S. petroleum industry including exploration and production, transportation, refining, and marketing. He negotiates contracts for oil imports into the U.S. and is paid a commission based on profit margin.
2. George Bush Junior is U.S. President.
3. Gas is over $4 and quickly heading to $5 a gallon.
Are these three things related or is it all just an amazing coincidence.

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Blank wisdom asked:


It is cause especulation? demand/supply conditions were the same last year and it didn´t rise so much? Is someone becoming filthy rich due to future values trading? Will it go down after next elections? The Bush admin “Commodity Futures Modernization Act of 2000″ and the 2006 ICE allowence to trade through local terminals with EEUU future oil at London exchange stocks; favoring the especulation furthermore might be a move to further enrich its buddies, the oil companies, while himself, and also causing people all over the world and the country to further fall into debt with banks, who are making billions charging us taxes on money lend at private and government levels!!! Also, might this be a move to settle a oil price control tool based on especulation (a especulation that very few people currently know how exactly it affect oil price and in whcih degree!!), in order to neutralize the impact of the middle east oil price rising capacity it attacked! Is this a preface to more war(Iran)?

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Alan A asked:


I think it is a great idea for the stock markets started trading in euros instead of dollars and it is a great idea too if the OPEC countries started expressing prices of oil in euros rather than dollars.

Will all of these effects be good for the american economy?

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Lovespell asked:


How did the New York Stock Exchange,
abundant natural resources,
the telephone,
light bulb,
oil companies,
railroads,
steel,
low paid workers,
skyscrapers,
transportations like cars and airplanes,
cigarette companies,
foreign trade
affect the economy?

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MoeJoe asked:


Most prosperous civilizations, which i have heard of, have in differeng, forms some element of exploitation. This leads to the suffering of others and prosperity of the benefacting civilization. Most of us know of the slave trade ect, but even today all the prosperous countries and even businesses exploit in order to prosper, eg cheap labour which many clothes manaufacturer employ, slave labour in Dubai, America’s oil exploitation, the situation in oil rich yet poverty striken Nigeria, supermarkets who use minimum wage workers, to name just a few. So my question is, is it possible to raise anything prosperous without exploitation or is exploitation a prerequisite for economic growth and prosperity.
: This question was asked, without advocation of any political forms of government. Socialism also exploits the people, as the government spreads the wealth, so in theory those that contribute no productivity will receive a chunk of the wealth produced by the productive.

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Mary Jane asked:


Im referring to China’s trade surplus savings and the middle east’s revenue from oil exports. Do they put this money into these funds to maintain currency thereby ensuring stable export rates?

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Landon07 asked:


1.Since the break-up of the Soviet Union, the privatization of Russian services and industry has been a difficult process, leading to a depressed economy

2.Since the break-up of the Soviet Union, very little has changed in Russian economy as they continue to trade with former Soviet bloc countries.

3.Since the break-up of the Soviet Union, Russia has joined both the EU and NATO leading to prosperous times for many Russians

4.While many industries have become privatized, Russia still exerts state control of both oil and timber, Russia’s two most abundant natural resources

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kejjer asked:


Why is this Bush’s problem.

half of our trade deficit is because we buy foreign OIL.

Bush wanted to open up ANWAR–and that would provide about the same amount of OIL we get from Saudi Arabia.

only we would be hiring americans and those people would be paying taxes to US.

http://www.eia.doe.gov/pub/oil_gas/petroleum/data_publications/company_level_imports/current/import.html

http://www.anwr.org/Resources/Worried-About-Fuel-Prices-ANWR-Equals-30-Years-of-Saudi-Oil.php

So–if we had drilled in Anwr we would have a much stronger dollar
The Iraq war has cost about 500 billion dollars–the deficit has grown by 4 trillion—so only an ignorant person would believe that.

The US economy is 13 trillion a year.

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Pranav asked:


With ever increasing oil prices, i wonder if it is worth buying a petrol car?

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ma b asked:


Now a days world oil price gone up due to high price of oil. Poor people economic is very low and not surviving their life.

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