Will the price of oil goes down when Bush leaves the office ?

Probably not.





All that desire to be just like Europe? This is a first step.Will the price of oil goes down when Bush leaves the office ?
It will go down some just after summer. Bush has nothing to do with the price of oil much less gas. The oil companies always raise the price of gas every late spring to make more profits during the summer and people's vacations. This year they are raising the price even more because Obama has promised to take the gas profits away and give them to the poor. If Obama gets into office, they will raise the price to $10 or more a gallon to make up the profits Obama will be stealing from them. McCain is trying to help the American people and he came up with the suspension of the gas taxes for the summer.Will the price of oil goes down when Bush leaves the office ?
when we leave Iraq... it's hard to say what will happen...





it could go down... it could go up...





depends on what happens in Iraq...





when you invade an oil producing nation, people are going to worry about the supply of oil, which will drive the price up... simple supply and demand...





but that's not the only thing that's going on... so I don't think it's going to go down to $1 a gallon or anything...





also, if Iraq is unstable when we leave, it may not change gas prices any
No. George Bush does not set the gas prices, OPEC does! The price of gas will actually increase, depending on who is elected. Since Obama wants to tax the oil companies, the oil companies will then make up for the taxes by charging the consumer more! Also, if Obama is elected, he will block bills that allow offshore drilling in the gulf, and drilling in Alaska.
Bush has NOTHING to do with the price of gas GOOD OR BAD








PERIOD











It is not the oil companies





Remember they only make 7 to 10% profit





The convience store down the street makes 30 to 40 percent on everything they sell except gas





Termite companies have a 1000% percent markup and no one complains





A pizza cost less than 5 dollars to make and the charge is 20


Yet we buy them by the millions
No, no President controls the price of oil; With India and China consuming more and more, it has been and will continue to be a supply and demand issue, and the price being set by OPEC. The problem is that most people do not understand supply and demand economics and what the structure is of the cost of gas per gallon. Do you know that we are using more oil now than EVER before! People are driving at an alarming rate. Do you realize how much petroleum鈥檚 used in making plastics and then how many things we use are made of plastics? The oil company makes about 12 cents a gallon as profit. The rest is made up of Federal and State taxes, the cost of exploration and the cost of production, Refining and then the cost of the additives that we have to put in the gas (we call it designer gas, thanks to the environmentalist wacko's). Do you know that we have not built a refinery in almost 60 years? (thanks again environmentalist). The refineries that we have are working at capacity and that is not enough to keep up with demand. Do you know that we hardly get any oil from the Middle East? Yes we are not in Iraq for oil, they have enough to export but not as much as you think. Even iran imports most of their oil. Most people think that is where it all comes from. Not true. We get our oil form Canada, Mexico, Venezuela and Africa, in that order. What we get from Saudi is a very small %. You want the cost of gas to drop....STOP driving or at the very least cut back 10% and you'll see gas prices drop. In addition to that we need to open up the ANWR for drilling and off our coasts and the Gulf, as well as exploit the new found pools in the Wyoming Range (thanks again environmentalist) OR come up with an alternate fuel. Even if you had a viable economic alternative fuel source, the production and the distribution of it is decades away. Wake up people, cut back!
Probably before- the current price doesn't reflect supply or demand, and is actually eroding demand. It may never go all the way back down to where it was last year (around $70 per barrell), but the current prices (+ $135) are unsustainable. Demand hasn't doubled, and the supply wasn't cut in half.
Probably. Further investigation and regulation of the oil industry and oil markets, as well as more emphasis on alternative energy will contribute to the decline in oil prices and eventually to the decline in the use of oil.
The price of oil will go down when one of three things happen. Less demand. More supply. Lower tax on the product.


Who is the American President has little effect on Oil.
Not at all. Obama has promised to raise taxes on oil companies, which would just mean they pass it on in the form of higher gas prices





http://news.yahoo.com/s/nm/20080609/pl_n鈥?/a>
No, and won't liberal Democrats be surprised. I bet there will be some good conspiracy theories then.
Oil prices are up because the cost of credit is too low.











http://mises.org/story/2999
If congress wants to drill here, then yes. If not, gas will keep going up.
Funny.


No women's periods will be shorter
hahahahahaha, not a chance.
nope--say goodbye to cheap gas, Americans!
Of course not. There is no correlation.
No, not in the short or the long run. They will continue to rise.
No, but it won't go over $4.15 a gallon (say the experts).