Does the President of the United States have any control over oil prices?
450534
Total Cost of Tax Break: $76.5 billion from 2005-2014\n\nIn this provision, America’s largest energy companies—among the most profitable in the U.S. economy—would succeed in reclassifying energy production as a manufactured good in order to qualify for potentially tens of billions of dollars in new tax deductions. The manufacturing tax deduction has previously only been available to traditional manufacturing industries. The amount of the tax deduction is 3% of a company’s production income in 2005 and 2006; rising to 6% in 2007-2009, and 9% after 2009.\n\nThe total cost of this tax deduction, $76.5 billion from 2005-2014, includes the value of the tax deduction for energy companies and other industries, including movie studios, real estate developers and engineering and architectural services associated with real estate development. It is a safe assumption that energy companies—due to their size within the U.S. economy—will be the largest recipient.\n\nSince 2001, electric power, natural gas and oil corporations have contributed $73 million to federal candidates, with three-quarters of that total going to Republicans. Halliburton is the largest oil field services provider and provides services to Chevron. Bush Sr. was a director of Halliburton. Dick Cheney was Halliburton's CEO. Chevron is the #1 importer of Iraqi oil. Members of the Bush administration planned to oust Saddam and establish control in Iraq since long before the Iraq war. Bush started a war in Iraq. War brings profit to defense contractors. Bush Sr is a director of one of the world's largest defense contractors.    See the circle of greed and profit? These facts show there is a serious conflict of interest with the relationships between the Bush family, the Bush Administration, ChevronTexaco, Halliburton, the Carlyle Group and members of PNAC. The Bush family and friends have been profiting from war and will continue to profit greatly through continued services contracts in Iraq and the controlled flow of Iraqi oil.
652235
Gas prices have nothing to do with a president.  Check the prices in the rest of the world.  You would blame who ever is in office.
481293
There are a lot of events in the Middle East which cause oil prices hit the psychological level of 70 dollars .the main reason is \n"Geopolitics are riding the price" on the concern that Iran s nuclear row with U.S.  oil exports from the world s fouth-largest producer and as a major Nigerian supply outage dragged into a third month .stressing that there was no shortage of crude in the market . As there would not be any supply disruption from iran which pumps around 5 percent of the world oil.And who must take blame for that? its sure thats Bush!
463811
Why not. Just ask Bush to withdraw troops from Iraq.Restore peace .Stop intimidating Iran automatically oil prices will go down to touch below 50. Bush is responsible of all miseries world is facing.
340557
More than likely no, right now the only thing that the President is concerned with is the war in Iraq and other such issues, and it is not very high on any other countries to do list either.
705290
No, daddy George has been in control from the beginning. These same people have been in power for many, many years. If one bothers to look at old photos starting with Ford, you see the same people. Bush Sr., Cheney, Rumsfeld, Jim Baker. These people have been at the top of government for at least twenty years. You don't get things this screwed up in six years, even with W. at the helm. This has been a long time in the making. This past election has stopped them from putting the final nail in our coffin.
368868
I seriously  doubt that will happen but just adding the oil into the market will bring prices down,but the American military hands are once again tied thanks to American liberal media looking for any excuse to accuse military of anything so called illegal in the eyes of the liberal world and in turn attach it to bush to try and bring him down.meaning military can not do its job and do what it was meant to do(kill,destroy,teach a lesson and make what their boots stand on American)
590249
No, probably the 10 with the highest oil prices, because gasoline is going up to $5 per gallon and the energy policy was created in the VP's office, in secret; yes they can.
353979
It is funny how people complain about the price of gas and then complain when the Pres. tries to do something to lower that cost. Lets here some solutions from the people who grip about everything he attempts to deal with. I have yet to hear a plan that is logical from anyone. Alternative fuels ,yes but where are the people at that are willing to fund the development of these fuels? The president can not force companies to make a new fuel source as that would not be free enterprise. Do you think the oil companies who's profits are way up are really going to work hard to come up with other sources? I would love for the US to go to ethanol but someone with more money than me will have to set up the refineries. This solution he is giving is not enough and I will agree with you there but it will take more than the Pres to fix this problem. I will be honest and say that I could do more to help like take public transportation, quit driving my truck, stop letting the grocery store us plastic bags for my purchases but I like these things. We need to Stop playing the blame game.
506470
President Bush does not set the price of oil, hence the price of gas. The price is set by world demand for oil and the expected future demands (future markets), then add in a dash of political instability and gas prices rise.
285676
The U.S Government has nothing to do with the price of oil.  Oil prices are controled by OPEC. (Organization of the Petroleum Exporting Countries) is an International Organization made up of eleven oil producing nations.\n\nOPEC’s mission is to coordinate & unify the petroleum policies of Member Countries & ensure the stabilization of oil prices in order to secure an efficient, economic & regular supply of petroleum to consumers, a steady income to producers & a fair return on capital to those investing in the petroleum industry.\n\nVariations in gasoline prices are not due to differences in crude prices, but to widely varying levels of taxation in the major consuming nations... an example of this would be in Canada where on every litre of gas sold, almost 40% of that goes to the government.
364050
no.\nbecause the root cause of gas prices in the world is shortage of supply.\n\nthis is mostly because oil reifineries conviently shut down or do not produce enough to meet demand. (all compainies have to do is agree to all inflate prices and everyone benifits)\n\nthe other problem is that big countries like China are buying up huge quanties of oil... which make there less supply and thus greater demand \n\nand price jack up...but never underestimate greed\n\nin iraq we control thier oil. if bush steped down cheney would still let the oil companies rip you off.\n\nwhy do you think all his energy meetings were secret and the white went to court to  prevent freedom of information acts
211130
Ok, the guy who wrote about the US having a secret stash of oil... did you know that everybody KNOWS that the US has there own oil up in Alaska... so it's not much of a secret if CNN has reported on it and congress has asked the President to tap into our own oil reserves. I think what the originator of this question was saying is, instead of the entire world sitting on their hands and letting the Saudi's or OPEC or whoever get away with pretty much robbing the world blind with oil prices the world should fight back with what ever means neccessary.\n\nAnd whoever it was that said it was OPEC that sets the prices not the Saudi's, well you obviously are one of the many many people in the world that are blind to the situatation, OPEC is an organization that is run by man y countries, the list of countries that run OPEC are: Algeria, Indonesia, Iran, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and lastly Venezuala. The last time I looked most of those countries hate the U.S... so what his point was about OPEC is beyond me.\n\nRaise the price of everything, I say do it. What do we have to loose? If the entire world did it what options would OPEC have? I dont care how many countries are using oil, the good thing is that there are ALTERNATIVES to fossil fuel now and they will only become more and more advanced, let's see what OPEC and it's members do when we dont need their oil... THEN the price of everything they import should go through the roof. Fight fire with fire I say, they obviously dont care if the cost to heat out homes this winter is $400 per month, then we shouldn'y care if they starve. DAMN this administration for letting this go on. Kudos to the originator of this post, and I will gladly be your running mate in the next election!!!! God Bless the USA.
550116
yes and no\n\nyes = he owns a lot of things to do with oil so i think     higher oil prices more money in his pocket...there are also people in his administration also have a lot of stock and thing in the oil company\n\nno = make him look bad with how much he is making the people suffer in he contry with a war that is not going anywhere!
317663
its mere speculation, \n\nthere is just no economics in the way oil prices are moving..there is no supply problem as of now..but still u can see this surge//\n\nthe prices are news based and manipulated, another interesting observation is that since US plan on IRAN is now more real and around the corner..u knw wat i mean..
337915
First of all, we don't "have control" over Iraq's oil production.  We have a decent relationship with Iraq, but we do not control their natural resources.\n\nAlso, one of the main oil producing nation is IRAN, not Iraq.  And right now Bush is "evaluating" possible threats from Iran.  They are not our allies.  So everyone is scared of what might happen, so they jack up the prices just in case.\n\nThere is a supply and demand issue, which is why gas prices tend to go up on the weekends and over holidays, during the summer, etc.  Another problem is that the oil companies have learned that the market will support the high prices, so there is nothing to stop them.  I mean, how can they blame the increase on their costs rising when they made record profits last quarter??  Its not all a rise in cost, the oil companies are making KILLER profits.\n\nWhat can we do?  Short if walking, I don't know...
58287
We havent taken any of the oil and Bush has made no money off of it.  The war wasnt about the oil as some would have you believe.