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

To: Road Walker who wrote (389444)6/7/2008 9:42:58 AM
From: bentway  Read Replies (1) | Respond to of 1575187
 
"Samuel Bodman, attending two days of meetings in northern Japan among energy chiefs from Group of Eight industrialized countries and other top economies, said the surge in world oil prices was largely a simple problem of supply and demand."

But, that's just not possible John! i-node assures us it's NOT a supply and demand issue, but price manipulation by the cartel! The the U.S. energy secretary MUST be wrong!



To: Road Walker who wrote (389444)6/8/2008 10:04:04 PM
From: tejek  Read Replies (1) | Respond to of 1575187
 
Lack of transparency in the oil market has also been cited as a possible cause of higher prices. Bodman said that while the United States and host Japan have been "diligent" in disclosing production and consumption data, some other countries need to do more.

Some are saying the lack of transparency is because the oil producers are maxed out and they don't want the world to know.


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