If the oil industry used cheap illegal immigrant labor would the price of gas go down?

No - the oil industry doesn't spend a large percentage of it's money on employees - I am one.





The money is spent in technology, and processes of actually drilling the well. It costs hundreds of thousands of dollars to drill a single well, and the well spends the better majority of it's life simply paying itself off.





The only reason the oil companies make alot of money is because the industry is huge. We only make about a 7% profit, when costs are taken into consideration, where bottled water companies make a 75 - 200 % profit margin.If the oil industry used cheap illegal immigrant labor would the price of gas go down?
The only difference is of course is that the economy does not need bottled water to run. It does need oil to run, and also there is not a bottled water cartel of sorts. There is with oil. That is the biggest difference and why people are getting so mad about it. Report Abuse
If the oil industry used cheap illegal immigrant labor would the price of gas go down?
Yes, sure. Wasn't that the reason why the US Army went to Iraq?
no...





too much greed in this world...
No, there is little unqualified labor in oil extraction exploration and refinement. Oil prices are up, because demand keeps going up and offer (like Iraq's wells producing only 60-70% of what they produced pre-war) is down. Besides since oil was cheap before and margins are low, they didn't invest enough in infraestructure to keep up with the demand. So Oil will stay up for at least an other 4 to six years. Sorry about that.
No. It is not the cost of labor that drives the cost of gas up. Because most oil companies are incorporated, people buy stocks in their companies, so if there is a threat of war, people become scared and sell their stock, screwing up the gas prices. Also, the oil companies are price gauging because they are greedy bastards.
No. Their profits would just go up.
No. It's based on the world price of a barrel of oil. The value of oil that is produced far outshadows the cost of labor that goes into it's production. I'd say it's a fraction of a cent per barrel. The facilities cost more than the labor.
No... the price of gas is has nothing to do with the cost of labor..... Exxon has $30 BILLION that is profits.... they don't need cheap labor to f*ck up the oil.
No for two reasons, most of the cost of oil is the shipping and retrieving from the ground which are all down out of country for the most part. Also running a refinery requires a lot of skilled personnel which is not what illegal immigrants bring to the table. So there is not many places to utilize them anyways if it was a legal option but the whole ';illegal'; kind of puts a damper on that.
NO
Well Pancha, considering Mexico is our second largest supplier of crude oil and petroleum products, at an average of 1598 barrels per day, I'd say the answer to your question is no. Or does the oil industry in Mexico use expensive illegal alien Americans in Mexico for labor on the rigs? Canada is our largest single supplier. We receive a little over 2000 barrels per day from the persian gulf, but that is a region made up of 8 different countries, so each of the 8 nations there provide only a fraction of what Mexico does, so don't bother to try to count them.
I doubt it Pancha, most oil is based on market values (like silver and gold), hiring illegals to do the work wouldnt really change anything. Its like the oil companies wouldnt put up any new rigs without spending lots and lots of money into finding out if there is enough oil to support a rig. A rig which produces 1 barrel is not enough to convince companies to put in oil rigs. Most of the money earnt from oil goes into research, transport costs, new energies and of course, the little folks who work in gas stations.





So hiring illegals to do the work wouldnt really change anything. Same all over the world.
no
No labor costs have very little to do with the price of oil/gas. The price is set by OPEC.





THERE IS NO PRICE GOUGING GOING ON. OIL COMPANIES ARE MAKING A WHOPPING 8 CENTS FOR EVERY DOLLAR SPENT ON A GALLON OF GASOLINE.
No. The price of oil is determined just like any other commodity (rubber, coffee, etc) on the market. Not oil tycoons or the president
Probably not. I believe I heard somewhere that OPEC makes the price devisions.
nope.
no. the price of gas will never go down
nope