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Iran and dropping oil.

Discussion in 'Off Topic' started by branchbuster, Oct 24, 2012.

  1. branchbuster

    branchbuster Albany Active Member

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    I have noticed that every time the price of oil starts to drop, Iran is suddenly in the news again and the price of oil creeps back up.
     
  2. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Propaganda for Profit.
     
  3. jib

    jib Central OR Active Member

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    The price of gasoline is affected by many factors, so bare with me.
    1) The status of our currency.
    2) The status of our refineries
    3) The time of year, because of EPA regs. between the states there are about 20 different types of fuel this adds to the cost.
    4) Federal, state, and local tax add more to the cost fuel than the profits gained by the oil companies, Our enemy is not big OIL it is our GOVERNMENT.
     
  4. Burt Gummer

    Burt Gummer Portland Completely Out of Ammo

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    Big oil and corporations ARE our government.
     
    jimwsea, mrblond, mjbskwim and 5 others like this.
  5. Mark W.

    Mark W. Silverton, OR Bronze Supporter Bronze Supporter

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    actually one of the biggest reasons Oil prices go up and down are the speculators buying or selling it off for profit.
     
    mjbskwim and (deleted member) like this.