Sure, you increase supply, you should see a decline in price, all things being equal.
Not should. Will.
However, unless the situation is pretty weird, you increase the supply a little, you won't move the price very much.
That's true but we're not talking about increasing the supply "a little".
Given that 1 million barrels a day was just taken off the market because of a damaged pipe in Turkey and BP shutting down the pipeline in Georgia with no noticeable shift in price, what do you think increasing supply by that much will do?
This is an unrelated subject. Whether, and to what extent, that damaged pipe in Turkey affects prices will be determined by many factors -- the length of time it is expected to be offline, the quality of the crude, whether the owner of the crude being shipped has inventories such that their refining operations will not be affected, really, any number of things.
I'm not sure you'd say there was "no noticeable shift in price", however.
As to FNC, there is a reason they have creamed ALL other cable outlets. People got sick of the overt, extremist liberal agenda of Hardball, Olberman and company, and the insidious lies and misrepresentations of CNN. That's why Fox owns cable news at this point.
Is Fox perfect? Of course not. But they clearly make every effort to be unbiased, while the other news channels make every effort to deliver a liberal slant.
This is one of those things that isn't subject to question. It is all over the media analysts lately, so take it up with them. |
