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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (8818)	6/1/2009 1:00:08 PM
From: Brumar89	Read Replies (1) \| Respond to of 86356

Supply and demand determine price. Opec's influence is by changing supply. Dollar devaluation simply affects the price in dollars - its a currency exchange issue. US government policy affects prices by affecting either supply and demand or both. You can argue the market for oil, like all markets, isn't totally free but that doesn't change the fact that price is a function of supply and demand PERIOD. The impact of limitations on freedom in the markets affects price through the impact on supply or demand. The above applies to everything, oil, milk, wheat, copper .....