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Posted on 4/7/10 at 2:40 pm to GREENHEAD22
The reports that show the output in a given week? I didn't know those told you the total supply of oil on the entire planet, I thought that was pretty much up for significant debate. I guess those oil companies should stop looking for more then eh? I also did not realize that the supply and demand characteristics for something that is an input into god knows how many processes, never changes, thus making it fixed at 2.20. Please let me know what the numerator and denominator are in this equation.
ETA: I just want to know how you came up with 2.20 a gallon as a constant and unchanging price. Just explain that and I will accept defeat.
ETA: I just want to know how you came up with 2.20 a gallon as a constant and unchanging price. Just explain that and I will accept defeat.
This post was edited on 4/7/10 at 2:54 pm
Posted on 4/7/10 at 5:30 pm to baybeefeetz
Pretty simple. Economy is getting better (more demand) and summer is approaching.
Posted on 4/7/10 at 10:21 pm to catfish22
quote:
I just want to know how you came up with 2.20 a gallon
Thats what they had as the national average for that year, should have made that clearer.
Posted on 4/8/10 at 6:54 am to baybeefeetz
The DJ Commodity index is up 30% year over year. Oil is not rising while other commodity prices have remained stable. For instance iron ore has recently spiked more than oil.
Oil happens to be a commodity that stands out because it is reported by MSM more than rice, wheat, et al, and it is also noticed because drivers stop for gas fairly often and see the price increases/decreases.
If you want to know specifically 'why oil prices are going up' you can pick theories put forward by bloggers talking their books...or, for a novel approach, read the entire link (and other sources) and form your own opinion.
See the 5th chart down page at this link: LINK
Oil happens to be a commodity that stands out because it is reported by MSM more than rice, wheat, et al, and it is also noticed because drivers stop for gas fairly often and see the price increases/decreases.
If you want to know specifically 'why oil prices are going up' you can pick theories put forward by bloggers talking their books...or, for a novel approach, read the entire link (and other sources) and form your own opinion.
See the 5th chart down page at this link: LINK
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