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uponit7771

(93,193 posts)

8. Demand can be artificially increased with hording oil like trading companies did in 2008

Reply to cthulu2016 (Reply #6)

Thu Mar 15, 2012, 08:51 AM

Mar 2012

...there is no supply and demand in the gas prices right now.

The US is using less GASOLINE than we did in the 1980s and the world is using less too...

This increase is artificial at best

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The size of the oil supply depends on the price (and visa-versa) [View all] cthulu2016 Mar 2012 OP

Something about North Dakota oil, elleng Mar 2012 #1

Thanks. Note that in that description cthulu2016 Mar 2012 #2

Right, does not refer to cost, elleng Mar 2012 #3

I'm almost positive Newt claimed 500 billion barrels. bluedigger Mar 2012 #4

"it would already be being pumped" napoleon_in_rags Mar 2012 #5

Well, oil prices are cthulu2016 Mar 2012 #6

Spam deleted by OKNancy (MIR Team) vanessa0 Mar 2012 #7

Demand can be artificially increased with hording oil like trading companies did in 2008 uponit7771 Mar 2012 #8

That misses the fundamental dynamic. napoleon_in_rags Mar 2012 #11

Around $40 costs of a barrel is speculation after the laws governing commodities were deregulated. mmonk Mar 2012 #9

$200/barrel equals demand destruction IDemo Mar 2012 #10