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To: Bearcatbob who wrote (70374)	6/2/2008 11:10:54 PM
From: Cogito	Read Replies (2) of 541457

>>What is the price of the 11th life jacket in a sinking 12 person boat? What would the price be if there were 12 life jackets. Pricing is set by the last increment. That is pretty fundamental econ.<< Bob - OK. But there is not an actual shortage of oil. Nobody who wants to buy it is having to go without. Thus, your analogy doesn't apply. - Allen

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