Forum Discussion
macira
Jul 10, 2008Explorer
Strawfoot.. Supply and demand are neat words to use..But thingss are are worth what they cost to produce plus a reasonable profit. Oil at it's current price does not fit that scenario. If you want to substitute "charge what you can get" for supply and demand, I'll buy your story.
If you check around a bit you will find there still is production above demand.
It may not continue to be so but at the moment it is. Price now is based on betting on what you can sell for. Price control is not needed but gambling control is needed. I think the ante for the bet should be increased dramatically.
If you check around a bit you will find there still is production above demand.
It may not continue to be so but at the moment it is. Price now is based on betting on what you can sell for. Price control is not needed but gambling control is needed. I think the ante for the bet should be increased dramatically.
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