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Started By
Message
2
Posted on 2/1/15 at 3:14 pm to TxTiger82
quote:
A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
There is no direct monopoly or gov intervention on the price of oil so yes it is a free market by definition.
Posted on 2/1/15 at 3:14 pm to Spirit of Dunson
I'm a lowly engineer so take this with a grain of salt. I've been in plants when things got very ugly quick, and have seen operators prevent some serious catastrophes. When you see that, you feel comfortable paying them whatever. I don't think they are overpaid, personally.
That said, I think the cost is getting high enough to start justifying more automation and inherently safer plants at a higher capex which allows for less operating staff
Agree. Operators or plant personell sit and manage ticking time bombs and react swiftly to mitigate any potential explosion/major mishap that could cost serious lives.
That said, I think the cost is getting high enough to start justifying more automation and inherently safer plants at a higher capex which allows for less operating staff
Agree. Operators or plant personell sit and manage ticking time bombs and react swiftly to mitigate any potential explosion/major mishap that could cost serious lives.
Posted on 2/1/15 at 3:15 pm to fightin tigers
quote:
Even if it is a artificial shortage it is still supply and demand.
If supply and demand can be manipulated to such an extent, the market is not free.
Posted on 2/1/15 at 3:15 pm to yellowfin
Posted on 2/1/15 at 3:16 pm to TxTiger82
quote:
supply and demand can be manipulated to such an extent, the market is not free.
Can you give me an example of a free market?
Posted on 2/1/15 at 3:16 pm to stout
quote:
A free market is a market system in which the prices for goods and services are set freely by consent between sellers and consumers, in which the laws and forces of supply and demand are free from any intervention by a government, price-setting monopoly, or other authority.
Your own definition suggests the oil market is not a free market. The market is being manipulated by a monarchy, which is a GOVERNMENT.
Posted on 2/1/15 at 3:16 pm to fightin tigers
quote:
Non union sites make more than union in many cases.
but would they have to if the unions at other plants didn't exist?
Even if one plant is not unionized the market is affected by unions at other plants
Posted on 2/1/15 at 3:17 pm to fightin tigers
quote:
Can you give me an example of a free market?
You'd be hard pressed to find a true one, but the oil market sure as hell isn't it.
Posted on 2/1/15 at 3:17 pm to fightin tigers
quote:
Kind of like an old mall/new mall scenario
Yes and I work at the Bon Marche of hospitals
Posted on 2/1/15 at 3:18 pm to TxTiger82
quote:
are set freely by consent between sellers and consumers
You bolded this part but don't seem to understand that every market, even oil, has its breaking point to where consumers just will find an alternative. That alone makes oil a fee market.
Posted on 2/1/15 at 3:18 pm to lsunurse
I am all for a system where we give the ER doc the ability to say "your illness, injury, condition, etc. is not emergent in nature and therefore we have no treatment for you, please follow up with your PCP"... And give that dr immunity against any suit for making that declaration
Posted on 2/1/15 at 3:18 pm to lsunurse
i thought they shut Earl K down.
Posted on 2/1/15 at 3:18 pm to lsunurse
quote:
So shut down St Judes as well?
St Judes is funded by voluntary private donations, not tax money
Posted on 2/1/15 at 3:19 pm to TxTiger82
quote:
You'd be hard pressed to find a true one
Very true. Any market can be manipulated to some degree.
Posted on 2/1/15 at 3:19 pm to Tigerpaw123
quote:
. And give that dr immunity against any suit
Posted on 2/1/15 at 3:19 pm to stout
quote:
You bolded this part but don't seem to understand that every market, even oil, has its breaking point to where consumers just will find an alternative. That alone makes oil a fee market.
In this case, the "breaking point" is so far down the road as to be completely unrealistic. This "free market" you speak of exists only theory. No developed nation in the world is going to stop using oil in the foreseeable future.
This post was edited on 2/1/15 at 3:20 pm
Posted on 2/1/15 at 3:20 pm to Tigerpaw123
quote:
I am all for a system where we give the ER doc the ability to say "your illness, injury, condition, etc. is not emergent in nature and therefore we have no treatment for you, please follow up with your PCP"... And give that dr immunity against any suit for making that declaration
Not sure I trust ER doctors to make that decision.
Posted on 2/1/15 at 3:21 pm to stout
quote:
Any market can be manipulated to some degree.
And my point is that the oil market is being manipulated to a very high degree, which is why the unions find themselves in their current predicament. They have very poor timing in making these demands, indeed. However, the circumstances they are facing are not the product of a free market but rather of a high stakes game of chicken the Saudis are currently playing.
Posted on 2/1/15 at 3:21 pm to Tigerpaw123
quote:
am all for a system where we give the ER doc the ability to say "your illness, injury, condition, etc. is not emergent in nature and therefore we have no treatment for you, please follow up with your PCP"... And give that dr immunity against any suit for making that declaration
Sounds pretty awesome but we all know that will never happen
I couldn't be an ER nurse...I would be pissed off every day at work. It would get to a point where I would get so fed up I would start telling parents "are you fricking kidding me? You brought your child in here at 2 am for a fricking hangnail???!"
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