View Full Version : The Law Catches up to Oil
Galaxy
08-05-2008, 09:16 AM
Prices can't outrun the long arm of supply and demand.
See: http://www.marketwatch.com/news/story/law-catches-up-oil/story.aspx?guid=%7B54DF629B%2DEF0E%2D4609%2DBA7B%2 D43621AA8DCB4%7D
Now, if we just had a way for the law to catch up with the outrageously high prices that government charges us for their services (or lack of services).
dragonfly
08-05-2008, 09:57 AM
Now, if we just had a way for the law to catch up with the outrageously high prices that government charges us for their services (or lack of services).
That will happen when Hades freezes over.
tecumseh
08-06-2008, 06:08 AM
oh and just in time for an election... seems it did the same thing during the last election. I am certain it is all quite a coincidence???? (tecumseh quickly puts back on his tin foil hat).
the law that controls what government does or doesn't do is called an election.
Wait, so you're saying govt can just dial in the price of world oil prices whenever they want to?
dragonfly
08-06-2008, 09:10 AM
Wait, so you're saying govt can just dial in the price of world oil prices whenever they want to?
Yeah, it's that government guy who is beholden to Big Oil. He just sets the price on oil depending on his mood for the day when he awakens. Didn't you know that?;)
knadai
08-06-2008, 11:49 PM
Yeah, it's that government guy who is beholden to Big Oil. He just sets the price on oil depending on his mood for the day when he awakens. Didn't you know that?;)
And they keep saying he's stupid!
dragonfly
08-07-2008, 11:19 AM
And they keep saying he's stupid!
Who? Bodo or the government guy? The latter I hope;) because Bodo is usually on the same side as me:)
because Bodo is usually on the same side as me:)
A sure sign of intelligence ;-)
Keith Benson
08-07-2008, 02:21 PM
And they keep saying he's stupid!
Not stupid, just unable to command the English Language. Well, OK - folks keep saying he is stupid too.
Nevermind
Keith
dragonfly
08-07-2008, 02:47 PM
A sure sign of intelligence ;-)
:D :D
Or blissful ignorance:)
cow pollinater
08-07-2008, 03:26 PM
If ignorance really IS bliss, you'd think the world would be a little happier place.
John F
08-07-2008, 03:29 PM
They aren't aware that they are in [the state of] bliss.
dragonfly
08-07-2008, 05:29 PM
If ignorance really IS bliss, you'd think the world would be a little happier place.
Ah, the human condition.
George Fergusson
08-08-2008, 07:25 AM
Let's not all get too excited. Sure the price is going down but there's still a considerable risk premium worked into the price of oil and while we've seen a drop in demand, we haven't seen a drop in risk. What this means is that the price will not go as low as the drop in demand would suggest.
Also, the drop in oil prices resulting from a drop in demand indicates that globally, the economy is shrinking. To quote Ben "Helicopter" Bernanke, there's a considerable downside risk to the upside in oil prices...
knadai
08-08-2008, 10:49 AM
It just seems to me that the same people who call President Bush stupid also contend he has figured out a way to control world oil prices. Which is it?