12-17-2008, 07:23 AM
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#342
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\m/
Join Date: Feb 2004
Age: 52
Posts: 99,832
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Re: F... gas prices
Quote:
Originally Posted by 70Chip
A 10% drop in demand causes a 65% drop in price? If Opec cuts production 10% ( and were able to enforce it) , will the price go back to $140? I still think there is a lot of speculation involved. Money chases money in both directions and there is no law that says the flow has to necessarily be rational. Especially when people's vision does not extend beyond the next five minutes.
Of course the idea that the oil companies have lowered the price as an homage to Obama is an idea just stupid enough for most Obama supporters to believe.
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It was a joke.
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