The price of oil is rising - why? Is it because of events in Egypt? Egypt does not produce oil...
and the Suez Canal is still open to traffic - so how could it by their fault? Are the oil companies simply taking advantage of the situation to maximise profits whilst thinking that people around the world will blame the Egyptians for the sudden increase? Perhaps we are all being collectively punished for the temerity shown by the Egyptian people in standing up and demanding justice. Your views please.
You don't need to have actual disruption to affect prices. Worry over disruption can do the trick. Plus, I think the nervousness isn't just about Egypt, it is that the unrest could spread throughout the region - there have been protests in other places; Tunisia of course, but also Yemen, Algeria, Jordan, and Sudan. Actually, Jordan just sacked its cabinet, today or yesterday, I think.
I'm sure the oil companies don't mind, but I don't know if I would consider it any sort of conspiracy.
It isn't the oil company but the oil speculator trying to make money in a capitalist game. If you think that is a terrible thing, you can always choose to live in a socialist country where gas prices are double that of the US. Sarcasm not intended, but contrast yes.
The whole world now is a small town, if someone coughs in the north people worry to get flu in the south.
As there is unstability in a big country like Egypt, it can affect the prices as general not for oil only.
the price is rising because the oil people want more money. i don't know how many times i've heard them state that because of this or that, oil prices are rising but it seems to work because up they go. the benefit to higher fuel prices is that perhaps people will consume less.
The experts are actually calling "the perfect storm" for oil prices to climb much higher than they have in years. Check this out: http://hubpages.com/hub/rising-oil-prices
by Gary Anderson 6 years ago
Worried about the price of gas? Our oil companies aren't. They export oil in the SF Bay and in April will start exporting West Texas Intermediate (WTI) from the Gulf of Mexico. http://www.businessinsider.com/the-asto … rum-2012-3Here is my response. We can thank libertarian thought for the...
by Susan Britton 6 years ago
What do you think of rising gas prices and what do you think is causing gas prices to go so high?In southern Ontario gas is predicted to go to $1.55 a litre. That adds up to $6.20 a gallon by the end of May when gas usually goes up. I can see our tourist business will be struggling under these gas...
by JON EWALL 7 years ago
Why hasn't Congress and President Obama acted on the rising cost of oil ?Why hasn't Congress and President Obama acted on the rising cost of oil created by wallstreet speculators? Just a repeat of 2006, time to start another downturn in the economy.
by Lgali 9 years ago
Oil Prices Going up Means Economy is Doing Good..
by karl 5 years ago
I'm not surprised in the slightest are you?A report by the BBC about an investigation into large companies fixing the price of fuels comes as no surprise to most people.But if the investigation concludes that indeed the companies have been fixing prices what do you think should happen?...
by Aqeel Saeed 9 years ago
It fluctuate between $ 148 per barrel to $ 33 per barrel.
Copyright © 2018 HubPages Inc. and respective owners. Other product and company names shown may be trademarks of their respective owners. HubPages® is a registered Service Mark of HubPages, Inc. HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.
|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|