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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?


To: Cogito who wrote (72790)6/18/2008 7:43:13 AM
From: biotech_bull  Read Replies (1) | Respond to of 542147
 
Allen,

This maybe a stupid question. If supply and demand are in such precarious balance, doesn't that argue against supply having a significant impact on the price?

IOW, once the price of Oil started spiking because of increased demand from China, India and the global/ME uncertainties etc the OPEC didn't have the capacity to increase supply to an extent that would impact prices

BB