> 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.
So we agree there isn't a shortage of oil then and we can ignore your "The scarcer the good, the more the good is worth" comment?
> 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.
Consumption might have gone up, but so did production.
> Besides, you're parroting me.
I believe it's you who's trying to parrot 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.
Speculators are the same as people who buy shares, except they're not buying a share of a company but a commodity in the hope it goes up in price. When a lot of interest is shown in that particular commodity, then the price goes up. This is something the oil companies can control by not increasing their prices and therefor reducing the amount of speculators. I could go into more detail, but I get the impression you're a card carrying Republican.
How do you feel about Iraq and universal healthcare?
|
