Secured Loans
www.accepted.co.uk |
Just as you can read on CNN:
"Normal supply and demand says prices should be around $55 to $60 a barrel," said Sen. Patrick Leahy, D-Vt., chairman of the committee. "Prices should not skyrocket like this in a properly functioning, competitive market."
Congress - a House committee has set a similar hearing for Thursday - is tapping into growing public anger over rising oil and gas prices. Before the hearing even began, a heckler in the crowd shouted: "Stop ripping off the American public - bring these oil prices down."
But the oil executive said prices are being driven by global market and geopolitical forces largely beyond their control.
"We cannot change the world market," said Robert Malone, chairman and president of BP America Inc. "Today's high prices are linked to the failure both here and abroad to increase supplies, renewables and conservation."
Malone's remarks were echoed by John Hofmeister, president of Shell."
In fact, executives are probably not being as generous and transparent as they should with their own actions and that's, probably, one of the main reasons why we keep on seeing the rise of oil prices since we can even remember!
Best regards
