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

To: Road Walker who wrote (373887)	3/12/2008 11:09:26 AM
From: RetiredNow	Read Replies (2) \| Respond to of 1573824

Right. This is what I don't understand about oil proponents. They claim to be big believers in market dynamics, and yet, there is nothing free market about the price of oil. It is manipulated at every turn, which is why we now have $110 oil. But try to suggest that we level the playing field for alternative fuels and you get the free market crowd telling you that just wouldn't be kosher. Go figure. Cognitive dissonance is hard to rectify.

To: Road Walker who wrote (373887)	3/17/2008 4:57:45 PM
From: TimF	Read Replies (1) \| Respond to of 1573824

The existence of cartels is hardly something that doesn't fit in to a free market economic understanding, or something that wouldn't be recognized by libertarians. So at $100+ per barrel (that costs ~$10 to harvest) there is no wealth transfer from the US to OPEC countries. You keep repeating that "$10 to harvest" as if it had some relevance. The value of an item isn't equal to how much it costs to produce it but rather how much people are willing to pay for it.