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mirror wall (282 posts) Send PM | Profile | Ignore | Fri Mar-11-11 05:21 AM Original message |
Oil Plunges as Japan's Refiners Shut Plants After 8.9-Magnitude Earthquake |
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Tunkamerica (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 05:50 AM Response to Original message |
1. My uneducated guess would be that production in Japan will be virtually halted |
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mirror wall (282 posts) Send PM | Profile | Ignore | Fri Mar-11-11 05:57 AM Response to Reply #1 |
2. Of course it will. But why is that driving prices DOWN? Shouldn't they be going up as there is less |
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melm00se (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 02:49 PM Response to Reply #2 |
12. this is a worldwide market and localized market forces in play here |
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Tunkamerica (1000+ posts) Send PM | Profile | Ignore | Sat Mar-12-11 02:16 AM Response to Reply #2 |
13. Why would there be more demand? Everything is shut down. Roads closed. |
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BumRushDaShow (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 06:24 AM Response to Original message |
3. My thought was this was counter intuitive |
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pam4water (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 06:55 AM Response to Original message |
4. Hhmm Japan is the 3 or 4 biggest oil consuming county in the world. Do they think the quake will |
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mirror wall (282 posts) Send PM | Profile | Ignore | Fri Mar-11-11 07:10 AM Response to Reply #4 |
5. That makes sense. Prices will increase again once they get the gears moving and may spike when |
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dotymed (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 07:16 AM Response to Original message |
6. It is counterintuitive |
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Thor_MN (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 07:51 AM Response to Reply #6 |
7. Price isn't driven by supply and demand right now |
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pam4water (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 02:36 PM Response to Reply #7 |
10. That has been the case for a lot of the time since the Eron loop whole was opened. It's just |
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FLPanhandle (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 07:58 AM Response to Reply #6 |
8. Not really. |
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earthside (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 08:40 AM Response to Original message |
9. Look for the price of gasoline. |
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pam4water (1000+ posts) Send PM | Profile | Ignore | Fri Mar-11-11 02:38 PM Response to Reply #9 |
11. Was Japan a net exporter of refined gasoline though? |
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DU AdBot (1000+ posts) | Sat May 04th 2024, 03:00 AM Response to Original message |
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