Posted by tlak on September 15, 2008 at 05:29:49 from (64.130.174.70):
In Reply to: Re: Oil posted by IndianaRed on September 14, 2008 at 14:40:58:
Let's see if I have this supply and demand down. 1. There's plenty of fuel every where and we import from Mexico and Canada so there's not really a shortage. 2. The price of a barrel of oil is below $100 and there seems to be plenty of oil, so there's not a shortage of oil. 3. Congress allowed more investors into the oil commodities, so all these investors put a false strain on the system like there's some huge country/company buying up all the oils/fuels. China and Indian have their limits. 4. The President lowered EPA standards on fuel so more fuels can come into the US, which would normally mean lower prices, but the oil companies want to sell to the good old USA because we're suckers and will pay any price the speculators decide to charge, and we won't get these cheaper fuels at a cheap price. And obviously there's more the President could do. 5.The crooks in the housing market devalued our dollar causing the fuel to cost more because of a weaker dollar, so instead of sending a bunch to prison they prop them up with more of our money. 6. The present Administration doesn't want to do anything about fuel prices. 7. The poor people of this country can't play the rich man's game, can't invest 2-3 hundred thousand to off set all the items that have risen besides fuel. So they go break their piggy banks or do with out to feed the investors. Do I have a handle on Supply and Demand?
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