| re: Paying too much for petrol? | |
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Posted by: |
Keljeck 03:05 am UTC 06/16/08 |
| In reply to: | re: Paying too much for petrol? - Pudding 07:50 pm UTC 06/15/08 |
| > But there isn't a limited supply at all. > > The price of a barrel of oil isn't rising due to a > shortage, but rising due to speculators investing in oil > which is driving the prices up. The oil companies could > quite easily lower prices from their vast profits, which > would get rid of the speculators and therefor reduce the > price of petrol long term. I'm not saying that there's a shortage of gas, quite clearly there isn't. I can go to the gas station and purchase as much as I need, for $4.00 a gallon. What I'm saying is that there is a surge in demand, which is true. Oil consumption went up 3.4% in 2004 alone. Once again, because of China and India and other developing nations becoming developed. Besides, you're parroting me. Speculation is another form of demand. Which is what I'm saying, demand is going up, there is a fixed amount of supply, so the price goes up. And the reason speculation is up, is because of rising prices, and businesses want to get cheap oil to keep running good profits. So no, the gas companies could not lower their prices, unless demand falls. Which is the point of higher prices in the first place. | |
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| Previous: | re: Paying too much for petrol? - JimmyG 07:42 pm UTC 06/18/08 |
| Next: | re: Paying too much for petrol? - Pudding 04:47 am UTC 06/16/08 |
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