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SVTPerformance's Chain of Restaurants
Road Side Pub
Supply and Demand Economics? HA!
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<blockquote data-quote="03blklightning" data-source="post: 8251017" data-attributes="member: 45228"><p>So I was just reading the MSN news page, just trying to keep up with world events. I come across an article that reports that the jobless rate has hit 8.9%. Further down in the article there was a report about the price of oil still going up. </p><p></p><p>Now as I learned in college, price is driven by demand for a product and if a company can supply enough of that product. The article states we have a record supply of oil and demand for that oil is at an all time low. But because there MAY be a jump in demand, the price is going up. </p><p></p><p>Speculative buying is one of the reasons that we are in this whole economic downturn. They don't remember when gas was 4.50 a gallon, people stop going places, stop spending money because they had to save to put money in there cars.</p><p></p><p>I guess not, there is only so many times you can screw the American People till they have had enough. And that time is near.</p></blockquote><p></p>
[QUOTE="03blklightning, post: 8251017, member: 45228"] So I was just reading the MSN news page, just trying to keep up with world events. I come across an article that reports that the jobless rate has hit 8.9%. Further down in the article there was a report about the price of oil still going up. Now as I learned in college, price is driven by demand for a product and if a company can supply enough of that product. The article states we have a record supply of oil and demand for that oil is at an all time low. But because there MAY be a jump in demand, the price is going up. Speculative buying is one of the reasons that we are in this whole economic downturn. They don't remember when gas was 4.50 a gallon, people stop going places, stop spending money because they had to save to put money in there cars. I guess not, there is only so many times you can screw the American People till they have had enough. And that time is near. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Supply and Demand Economics? HA!
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