Posted by JMS/.MN on January 31, 2009 at 17:40:56 from (209.237.107.155):
In Reply to: Gas prices posted by jayinNY on January 31, 2009 at 15:57:54:
Econ 101. Oil is a commodity, like grains, LP, gold, etc. Traded on the commodity market. Supply and demand have nothing to do with the price. Where have you been for the last two years? Investors left the stock market when they crashed that, went into the commodities market, ran the price of grains and oil sky high, and then pulled out. Ever hear of index funds? Not trying to defend oil companies, but where do they buy oil from? Commodity market! What is their margin of profit? "Big" profit? by what percentage of cash flow. Profit of any company dos not mean squat unless you tell the other side of the story- how many dollars of income and expense. ie, cash flow.
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Today's Featured Article - Show Coverage: The Old Gold National Antique Tractor Show - by Cindy Ladage. Over the fourth of July weekend, the Illinois State Fairgrounds in Springfield, Illinois, was the site of the Old Gold National Antique Tractor Show. Tractors of all makes and models were displayed and separted into categories by their age. Deere, Oliver and even a Wards and Keck Gonerman were part of the crowd. A sea of red International Harvester's seemed to be the the model with the biggest showing. The crowd was decent for the scorching July heat. The opening day started o
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