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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (228758)	4/11/2005 10:35:09 PM
From: SilentZ	Read Replies (3) \| Respond to of 1585221

>It doesn't matter where it is coming from or where it is going to. Oil is oil, it is a commodity in a global market. Prices are set by the global market, not by the seller. BS... for instance, Intel was able to price its chips so high for so long because its marketing was so good. If a company can pull the wool over the eyes of its customers effectively enough, it can charge what it wants. -Z

To: i-node who wrote (228758)	4/11/2005 11:47:41 PM
From: Peter Dierks	Respond to of 1585221

It doesn't matter where it is coming from or where it is going to. Oil is oil, it is a commodity in a global market. Prices are set by the global market, not by the seller. That is why the producers have formed an oligopoly. they want to restrict the supply, because without some restraint, they would drive down the price.

To: i-node who wrote (228758)	4/12/2005 1:17:02 PM
From: tejek	Respond to of 1585221

Should the lowering of supply from one country, from whom we didn't get any oil from anyway, cause prices to go up this much? It doesn't matter where it is coming from or where it is going to. Oil is oil, it is a commodity in a global market. Prices are set by the global market, not by the seller. One of the weaknesses of capitalism is that it sometimes depends too much on psychology and not facts...in this case, a psychology of greed and fear. That's what Z is reacting to and for good reason. He is also suggesting that at times of unbridled market enthusiasm or negativity regulation may be needed. Its hard to argue against that thesis when one begins to realize that the American economy will pay and probably dearly for the current market negativity over oil. In fact, the stock markets have built in safety parameters that prevent the catastrophic falls of years past. Maybe something similar should be proposed for the commodity markets.