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Pastimes : Market Manipulation by this Presidential Administration? -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (4)9/2/1998 12:48:00 PM
From: JakeStraw  Read Replies (1) | Respond to of 57
 
Oil goes lower & lower because all the oil producing countries forgot about economics 101, the laws of supply & demand.



To: long-gone who wrote (4)9/2/1998 1:03:00 PM
From: Henry Volquardsen  Respond to of 57
 
oil has gone lower and lower because of the laws of supply and demand. Very simple, you have the consuming nations having improved energy efficiency (auto mpg etc) and while the producing nations over producing and cheating behind each other's backs. In addition the emerging market crisis has drastically reduced energy demand from that quarter and new sources of oil have come on line. If oil had gone up in price with that back drop that would have made me wonder.


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