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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: average joe who wrote (60024)1/17/2010 4:07:03 AM
From: elmatador  Read Replies (2) | Respond to of 218553
 
That is possible and it is just natural that a commercial enterprise will act to make as much money as possible.

You know one my specialization is hogging, right? Capital and goods, technology understanding hogging is my hobby

One cannot compare oil with diamonds for several reasons. Diamonds you can keep on a safe and you can control up and downstream.

The world will stop tomorrow if oil stop flowing. From kerosene user in Chad to cook, to the plane of Bill Gates.

Diamonds can disappear now and apart from the industrial sort no one would not even notice.

Oil seats on volatile regions (this volatility is priced in oil)

Diamonds seat on much less volatile areas and I don't think volatility is a concern on diamond prices.

Future production of diamond is on the safe stock pile hogged inside safes.

Future oil production is inside the ground called reserves. The tiny amount held inside VLCC is too little to be called hogging or future production.

It already becomes clear that control of commodity oil is different from controlling commodity diamond.

Once that is established we move on to oil per se.