Modern Energy Crisis Cause by Oil Companies Essay -- Gas Oil

Works Cited Since the September 11th incident it seems that energy prices have skyrocketed. Not long ago gas prices were a dollar seventy-five, but now it is almost four dollars a gallon. These days gas and energy prices seem to be a weekly topic on local and national news. Every time there is some type of fluctuation, it causes chaos, because it is probably a difference of ten cents and sometimes more. So that raise you received, just throw it right out the window because it is not doing anything for you except paying your energy bills and putting a petite more amount gas in your tank. People point fingers in every direction searching for a scapegoat of this epidemic. Who is truly to blame? Oil companies are to blame for the rising of energy prices. Energy consists of more than just fuel. It is your hot water, electricity, heat, as well as gas. All of these factors are considered energy sources, and the prices of them have significantly increased. "Energy supplies and prices are major economic factors in the U.S. and energy markets are volatile and unpredictable." (Glover and Behrens, Energy: selected facts and numbers) This just shows how important energy is to the United States, which makes sense that oil companies would attempt to overcharge and swindle us because the U.S. is dependent on it. Like the spoiled Americans that most of us are we use energy every day, and if all of a sudden we couldn?t access it things would be chaotic, for instance, the California blackout. Like most issues there is always two sides, just as in this one, and while oil companies ?observe? the energy price crisis, they blame the consumers. This epidemic is a strong battle between the consumers and oil companies. Oil companies think that the... ... bringing in record profits almost every year. This only proves how much of a scandal this epidemic is. The whole issue is solely based on oil companies? exploitation of a situation. The rising of energy prices lie only in the hands of oil companies?not consumers. ?Each quarter of a year, oil companies see record profits.?(We Need Energy Independence, 19A) So every year oil companies are rich and getting richer at the expense of thinning wallets and shrinking bank accounts of consumers, who apparently, according to oil companies, are at fault for this situation. ?Exxon Mobil?s 2nd quarter earnings jumped 35% over last year, Royal Dutch(Shell gas) rose 34%, and Conoco Phillips 51%.?(Oil Companies Profiteering) It is obvious that if oil companies are making all this money at our expense, it only makes sense for them to be at fault because the consumers are not blame.