Thursday, September 14, 2006

Oil Prices poised to drop...

Are oil prices poised to drop?

Future traders, speculators and the like... parasites that add NOTHING to society -- or the market -- yet skim profits off of the people actually producing something (in this case, oil) or consuming it.

Why does this nation so reward Enron-type companies? They add NOTHING.

6 comments:

skip sievert said...

The reason.? There is an election coming up.

mrsleep said...

I agree with Skip.

Reign of Reason said...

True... That's part of it.

But also supply is up.

skip sievert said...

Wrong. Our system operates on maintaining scarcity. Abundance defeats it. Are you telling me that they do not maintain scarcity.? Ha.~!
Price System works on a scarcity model.

Building refineries, nah can`t do that.
Supply.? Dream on. This is a scam society. Run by thugs.
An old joke ; A criminal is a person with insufficient funds to start a corporation.

Reign of Reason said...

I'm talking relative supply...

Production and reserves are up, there is less perceived instability in the market: prices go down a bit.

As for the over-riding model of sarcity you mention - sure, but that is the way the system works and it will not change for the foreseeable future.

skip sievert said...

La di da , You don`t care to make it change.