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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:21 PM Original message |
The Price of Oil and the Supply and Demand Myth |
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rurallib (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:25 PM Response to Original message |
1. sound reasoning to me. |
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lostnotforgotten (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:32 PM Response to Original message |
2. Non-Linear Relationships - Constrained Resource (Oil) |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:39 PM Response to Reply #2 |
3. How do you explain ................... |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:44 PM Response to Reply #3 |
5. The point is that the real world doesn't operate on 6th grade math. |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:50 PM Response to Reply #5 |
7. My point is............. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:28 PM Response to Reply #5 |
21. Some 6th-grade math: |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Tue Jul-22-08 01:31 AM Response to Reply #21 |
35. You misunderstand the oil market. It's impossible to "bank" 1 billion barrels as you claim |
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Jack Rabbit (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:43 PM Response to Original message |
4. Not a bad piece of analysis |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:53 PM Response to Reply #4 |
8. I'm sure there's more |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:44 PM Response to Original message |
6. in 2004 production peaked at around 85 million barrels per day. |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:56 PM Response to Reply #6 |
18. You'd better look at your chart again. |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Tue Jul-22-08 01:36 AM Response to Reply #18 |
36. Nobody stocks oil for years on end. |
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HowHasItComeToThis (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 09:53 PM Response to Original message |
9. IT IS NOT ABOUT SUPPLY & DEMAND |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:02 PM Response to Reply #9 |
11. wow. that is EXACTLY free market. |
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MindMatter (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:29 PM Response to Reply #11 |
22. If by "free market" you mean a cartel setting prices for an essential commodity |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:41 PM Response to Reply #22 |
23. just because "free market" sounds good doesn't mean it IS good |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 06:04 AM Response to Reply #23 |
27. Bingo...1921 to 1931 |
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MindMatter (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 05:16 PM Response to Reply #23 |
28. Nothing in that description resembles the oil industry |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 11:09 PM Response to Reply #28 |
33. agreed. the oil industry is a public monopoly doled out to well-connected private interests |
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louis c (1000+ posts) Send PM | Profile | Ignore | Mon Jul-21-08 08:53 PM Response to Reply #33 |
34. good for you |
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yourout (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:05 PM Response to Reply #9 |
12. I call it extortion. |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 08:03 PM Response to Reply #12 |
32. Extortion is another way to put it |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Tue Jul-22-08 01:57 AM Response to Reply #9 |
38. Um... that is the MEANING of Supply and Demand. |
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unblock (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:00 PM Response to Original message |
10. your analysis doesn't reflect the price elasticity of oil. |
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zeemike (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:12 PM Response to Original message |
13. Gotta recommend this one. |
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BlooInBloo (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:17 PM Response to Reply #13 |
15. Simple, to the point, and fucking stupidass wrong. |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:24 PM Response to Reply #15 |
16. Explain the Gold to Oil ratio |
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MindMatter (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:15 PM Response to Original message |
14. Here's all you need to know about the demand myth |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:06 PM Response to Reply #14 |
19. You forgot the main one: stocks & housing are no longer looking like |
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Hannah Bell (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:55 PM Response to Reply #14 |
24. Dollars to Euros 2003-08 |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Tue Jul-22-08 01:54 AM Response to Reply #14 |
37. You ignore that pricing kills demand for shrinking resource. Shortages only occur w/ price controls. |
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eallen (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 10:47 PM Response to Original message |
17. Supply and demand always meet. The problem is that 21% growth in 7 years.... |
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louis c (1000+ posts) Send PM | Profile | Ignore | Sat Jul-19-08 11:16 PM Response to Reply #17 |
20. But it hasn't gone up more than 30% in Gold |
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Speck Tater (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 01:33 AM Response to Reply #17 |
26. Demand and supply always meet? |
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Leopolds Ghost (1000+ posts) Send PM | Profile | Ignore | Tue Jul-22-08 02:02 AM Response to Reply #26 |
39. Demand and supply always meet in a capital market -- by pricing others out. |
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Historic NY (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 12:03 AM Response to Original message |
25. We even exporting oil at a rate of about 9% of total production. |
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neverforget (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 06:24 PM Response to Original message |
29. In the last 4 years, the world has consumed 123.7 billion barrels of oil. |
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mmonk (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 06:37 PM Response to Original message |
30. Very good summation. You might want to add they are oil men. |
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Dover (1000+ posts) Send PM | Profile | Ignore | Sun Jul-20-08 06:49 PM Response to Original message |
31. A look at one company |
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DU AdBot (1000+ posts) | Sun May 05th 2024, 05:50 PM Response to Original message |
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