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kpete (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 07:44 AM Original message |
Exxon CEO: Oil Price is 9x Higher than Production Cost |
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ProfessionalLeftist (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 07:48 AM Response to Original message |
1. Three words: futures, speculation, trading |
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BREMPRO (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 08:11 AM Response to Reply #1 |
2. yes, but also dollar devaluation factored in rise... |
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bemildred (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 08:14 AM Response to Original message |
3. So the magic of the market results in extortionate prices? nt |
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Bigmack (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 08:53 AM Response to Reply #3 |
5. Yup... bend over... here comes the magic! nt |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 08:47 AM Response to Original message |
4. But it is the most expensive barrel that fulfills demand that is relevant. |
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katnapped (938 posts) Send PM | Profile | Ignore | Mon May-23-11 09:04 AM Response to Original message |
6. But...but...but! |
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w4rma (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 09:22 AM Response to Original message |
7. Price gouging. Speculators. Price manipulation. (nt) |
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Romulox (1000+ posts) Send PM | Profile | Ignore | Mon May-23-11 09:26 AM Response to Original message |
8. No "efficient market" or "free market" theory can explain the price of oil |
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DU AdBot (1000+ posts) | Thu Oct 17th 2024, 10:13 PM Response to Original message |
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