Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (11829)	12/13/2001 12:08:37 PM
From: Ilaine	Read Replies (1) \| Respond to of 74559

>>Thus it is really demand that sets the price that will enable producers to realize maximum revenue. If it were not so, the suppliers would set $100 or $200 as the price of a barrel of crude oil.<< It's a little bit more complicated than that. When the price of oil gets high enough, it's economical for US producers to come on-line. So OPEC keeps the price low enough to make it uneconomical for US producers to compete with them. OPEC isn't a monopoly.