Why have oil prices stayed so high?

they produce less so the price goes up at the pump.then the barrel price comes down but not at the pump.


if i did less for a month and then when i finally got off my lazy a55,i charged my costumers more,and told them if i get enough orders i might drop the price slightly, i wouldn't get much work!Why have oil prices stayed so high?
The people who say it's because the oil companies are greedy, are living on a different planet, and haven't got a clue what they're talking about.





The oil price is high for several reasons, but mainly due to the organisation called OPEC controlling the majority of the world's supply. When the oil price starts to fall, they decide amongst themselves to cut production, reducing the supply. They artificially create the situation where there is high demand but low supply.





The relationship between Russia and the rest of the world also affects oil price. Russia are the 2nd biggest oil producer, and are not afraid to cut the fuel supply off to their European neighbours. This uncertainty affects the price of oil.





Throw in the relationship between Iran and the West - uncertainty again.





The war in Iraq affects oil price, and to a certain degree terrorism can have an effect too.





Oil companies make very little profit for a gallon of petrol - that margin would not be sustainable and viable in any other industry.





Why have oil prices stayed so high?
Oil prices are not high. As a matter of fact, on Friday they slid below $100 a barrel - but the prices at the pump have not gone down in the same ratio as the prices went up. When we were at $100 a barrel the gas just barely made it to $3 a gallon.


None of the Houston oil shipping channels were damaged by IKE the prices of gas should not go up, but it will
as others have said because the oil companies are greedy but i see the price of oil has now dropped to it's lowest since april http://www.ft.com/cms/s/0/c2c0e5d6-7e99-鈥?/a> so i wonder how long before the oil companies reduce the price at the pump will be interesting to see
There is this small little organization that you may have heard of called OPEC. They have decided to cut the amount of oil sold on the market. Add fears of interruptions due to hurricane Ike, and you will have the reason why prices at the pump are going back up.
I think it's because the gov't are greedy motherf***ers and are getting a lot more gas than what they're telling us and just making us pay more for it.
Profiteering bast**ds!
Because the oil companies are greedy
Because the oil companies are greedy
Because the oil companies are greedy
We are too dependent on oil. The oil companies have us over a barrel.
Greed