Posted by IndianaRed on September 14, 2008 at 14:40:58 from (68.31.124.156):
In Reply to: Re: Oil posted by tlak on September 14, 2008 at 13:07:32:
Are you aware that speculators make money when oil prices fall too? From this, and your previous comments, I take you don't.
Speculators are necessary in a free market economy, but you must not undertand why. They are the "barometers" and leading indicators of supply and demand gluts and/or shortages. If the oil companies were free to bring oil to market as they wished, which they are not now due to governmental restrictions, they would use the information they get from speculators to increase or reduce supply as natural market forces dictate, and that would keep prices much more steady than we have seen over the past few years.
I reccommend you go to the library and check out a book on basic economics. You'll better understand what's going on around you and will aleviate much of the consternation and frustration you feel about things you currently don't understand.
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