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Old 04-03-2008, 09:13 AM
 
5,760 posts, read 11,544,169 times
Reputation: 4949

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Quote:
Originally Posted by caution View Post
The person in the mirror.

(Unless you live in a mud hut or cave and eat food you forage, then you can't be reading this.)

OMIGOD! Self responsibility -- on a Politics Page!



Sure enough. If you want a one word answer to the question -- Why the Price? One word answer is: [the] Buyers!

Higher it goes, if you do not buy it, the more you save.

The marginal demand is the killer. In a world where we all would like to drink, eat and drive about 88 million barrels of oil a day, world production is "only" about 86 million barrels. That 2 million barrel shortage means someone is going to be out-bid.

Today that is you.
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Old 04-03-2008, 10:30 AM
 
Location: St. Augustine FL
1,641 posts, read 5,024,412 times
Reputation: 2391
Quote:
Originally Posted by Trabbz View Post
Gas prices didn't triple in 8 years because of demand. Perhaps they finally figured out how truly addicted to oil we are. Why not charge us $10.00 a gallon if we NEED it without having to seriously change our American lifestyle.
I hope they do. There will be fewer cars on the road for me and my F-150.
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Old 04-03-2008, 02:28 PM
 
Location: WNY
327 posts, read 939,447 times
Reputation: 81
Thumbs up Economics 101

Supply and Demand are two answers. It drives prices up. If I need it I will pay more. I would not stop my life and strike. Would it help?
We have no alternatives. Some products begin to enter the market. But they aren't popular, yet. How many can change a car every year?
Go green? How many bother? Playing a "saving the world" hero is great, but for how long? It's not the crisis, yet.
Canadians drive shopping crazy to the Buffalo-Niagara Regions through the Peace Bridge every day and don't worry about the gas price. Are we better than them?
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