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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?


To: Bill who wrote (129740)7/23/2008 4:24:33 PM
From: Kevin Rose  Read Replies (3) | Respond to of 173976
 
Yes, and those expectations are influenced by more than who is pumping how much.

That aside, the run up from $30 to $140 dollars represents the realization that the future increasing demand is far outstripping the future supply. It also factors in possible increases in supply (as the current prices factors in anticipated increases in demands). The markets themselves have deemed any potential increase in supply as being inconsequential compared to the increase in demand.

I'm surprised that you, as an avowed rightist, don't know this stuff. According to the GOP manual, markets are perfect indicators of the future. Heck, it was some of your own who proposed a futures terrorist attacks market as an indicator. Make a futures market in anything, they say, and you can predict the future.

What can reverse this trend? Not increased supply based on current reserves. Alternatives and long term conservation are the only realistic way to force the slope of this equation down. These factors are not priced into the market - yet. When there is evidence of both, we'll see the markets settle down.