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| re: Paying too much for petrol? | |
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Pudding 11:56 pm UTC 06/16/08 |
| In reply to: | re: Paying too much for petrol? - Keljeck 07:54 pm UTC 06/16/08 |
| > It seems to me I'm being too subtle for you. On the contrary, you're not too subtle at all, I just don't think you're explaining yourself properly. > The good is scarcer because there are more people > who want it, not because there's a shortage. Can you please explain to me what the difference is between scarce and shortage? because I'm struggling to find a real difference between how something can be scarce but there can't be a shortage http://www.thefreedictionary.com/scarcities > If, say, we nationalized the gasoline industry > and dropped prices to 15 cents a gallon, then > we'd see a shortage. This is what the market > does, prevents shortages on the demand side. Of course you'd see a shortage because the price would be ridiculously low and people would use their vehicles a lot more. I'm trying to keep the discussion in realms of reality. And no one said anything about nationilising the gasoline industry. > And the oil companies cannot help the need to raise > prices, it's not something they can easily control. This > is why I'm saying you're parroting my point, I say more > people want gas so the price is going up, and you're > saying "no you idiot, the price is going up so more people > want gas so the price is going up!" We're talking about > the same situation, at different points. Can we not > concede that the price of oil is rising due to increased > demand, which makes speculators interested, which drives > prices further? But the oil companies can prevent the need to raise prices and they do have control. When you fill up your car at a Shell petrol station, that price rises and falls on Shells say so. I'll agree that the price of oil is rising due to speculators investing in oil which raises the price and the only way people can see to reduce the price is to increase oil production, which is I'm remembering Enron in the 90's claiming that there was a shortage of electricity in California (which there wasn't) which increased prices which made the stock price increase. Speculators then jumped on the bandwagon and stocks then went through the roof. These greedy bastard mother fuckers are driven by profit and profit alone, and I'm not against anyone making a profit, but ridiculous profit like what they're making is something completely out of order. | |
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