It seems that no one in the world can stop the oil hikes except the
oil people themselves. So, no government appears to be
doing wrong. This leads me to assume that they have
nothing to do with price hikes. They appear
innocent.
But why is it that oil companies are not taxed more given
their revenue sky rocketed?
Is it not true that oil companies revenue sky rocketed? Not
true that middleeast people are driving bigger oil guzzling
cars now than before?
This world is so full of 'honest' elites.
Everybardie is blaming everyone else for the price hikes. But in
fact.. nobardie is innocent.
It serves OPEC not much purpose to keep price at a high level.
When oil consuming countries goes into alternative fuel mode.. oil
demand will fall. So keeping it at a more affordable price will
ensure their market continuity.
Oil companies will not lose out either way. Their business is
not just about oil extraction, it's very much about selling to
consumers.. through their fuel distribution channels and
infrastructures. Price go up.. they earn.. price go down they sell
more.. so they still win.
Market speculations..and the US dollar losing steam.. very
complicated, me not financial expert.
As long as we continue our reliance on fossil oil.. our balls
will be tied to the volatile oil producing regions.
Here is a link on the pros and cons of Oil
Windfall Tax.