The oil industry profits about $100 billion per year and growing.There's also 1.73 trillion businesses in petroleum. The petroleum industry contains processes such as exploration, extraction, and refining of petroleum. The biggest part of the petroleum industry process is the marketing of oil and gasoline.(Wikipedia, The Free Encyclopedia).
The oil industry is a monopoly and the only way they profit and or benefit is by consumers using gasoline and oil. The marketing process of the oil industry to retract profit always ask these question: How will the consumer drive his or her vehicle with out the distribution of our product? How will consumers get their day to day energy? This is the monopoly effect that has been executed to rake in more profit. For years profits went up and sky rocketted until they reached what we call a peak oil, and this brought profit down, the U.S. in particular. America had to send close to $1 billion worth of oil to overseascountries because of the deficit.(Weiss, Vasquez)
The oil industry marketing deficit lingered due to our nations persistent recession. Because of these deficits it has caused gasoline prices to increase greatly and threatens production. In order for the deficit to reverse the U.S. would have to reduce oil imports and conserve energy. In turn the monopoly effect would become less stress ful on consumers and the marketing profit of oil would increase again, hence the price of gasoline would go down.
