When we see record profits, high prices & no choice- do oil companies have a monopoly in transportation?
- Anonymous7 years agoBest Answer
is someone forcing you to drive?...if its soo evil,and its soo easy just to use some other fuel,why don't you invent some new mode of transportation?
- d.k.Lv 67 years ago
So glad you asked that tonight.... What we have is companies who have
been banned from spending all that nice money that would have been used to
do extensive expeditions and surveys, dig wells, pump oil, drop rigs and
modernize and expand refineries.
Having been forbidden to do any of that around here under this administration,
they are sitting on their hands, and their cash, waiting for better days
and new leadership.
Meanwhile -- we keep licking at the boots of our enemies for oil from them.
@ Joe --- We've had nationwide 55 before.
Didn't kill us then. Well, except in East Texas...
In fact, highway deaths dropped precipitously.
Problem is, Obama WANTS US gas over 8 dollars a gallon
and if he gets back in in November, it'll be there by the end of his
final term, guaranteed.
- JoeLv 77 years ago
I wouldn't call it a monopoly, yet.
But: when raw material (crude oil) prices go up, and profits go up instead of go down, we don't have a properly functioning free market, either.
A major factor here is inelastic demand. There's only one effective, fast way to reduce demand, and it would be so unpopular that no sane Federal official would suggest it. (National 55 MPH speed limit)
- Atheist ChuckLv 67 years ago
Only big companies exist because of government. We had two local gas companies with lo prices wiped out. Supply is messed up right now. California is switching to their winter formula the government makes them do it. Leaving regular supplies in trouble. Plus two plants are closed for government inspection. One in LA and one in Richmond.
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- AngelaTCLv 67 years ago
If there was any value in alternative forms of transportation, the market would step in and provide alternate forms of transportation. Like it or not, profit is a measure of value.
- 7 years ago
Keystone pipe line?
Alaska National animal reserve?
- Anonymous7 years ago
That would be true if they had a choice in drilling and supply, but the libs Ruined that, so thank them for the money you send to the middle east terrorist.
- ?Lv 77 years ago
Not by any standard definition of the word "monopoly".
- Cindy LGPBLv 77 years ago
Not if we don't let them have a monopoly they don't.
- wtincLv 77 years ago
No we have a liberal in the white house who wants to see 8.00 a gallon gas. Hope and change to you know.