Oil prices

RobVG — 12/23/2015 7:06:39 PM (archived)

I've heard several liberals (not here) say that the price of oil has nothing to do with market forces. I think the price of oil today would contradict that. There was Opec, but they decided to loosen there reign. I would say the increase in production world wide is the main factor in driving prices down.

The invisible hand you know....

The whole thread (28 posts)

Oil prices - RobVG - 12/23/2015 7:06:39 PM
- Looks like ER could be right again. - RobVG - 1/12/2016 5:54:07 PM
  - The laws of economics are as real as the laws of physics. No one denies that. - ER - 1/12/2016 8:12:06 PM
- As of October... - RobVG - 12/29/2015 12:00:29 AM
  - No problem! We ran out of cash decades ago. - ER - 12/29/2015 1:40:20 AM
    - I'm starting to feel like a soapbox. n/t - RobVG - 12/29/2015 2:44:37 AM
      - You just now noticed that? - TB - 12/30/2015 12:48:02 AM
- More information: - TB - 12/24/2015 1:55:48 AM
  - So Saudi Arabia is giving away lemonade for free, - ER - 12/24/2015 3:19:00 AM
    - Also, I hope the article's author calmed himself after all that hyperventilating - mcfly - 12/24/2015 5:54:09 AM
      - Re-read the second article you linked below. "Nimble." - TB - 12/24/2015 6:53:02 AM
        
        Hey, I'm just saying, Blue Skies have a way of clouding over - mcfly - 12/24/2015 8:01:17 AM
- Not so invisible - ER - 12/23/2015 8:13:29 PM
  - I'm not so sure. - RobVG - 12/28/2015 5:12:00 PM
    - So what are you trying to tell me? - ER - 12/28/2015 6:31:20 PM
      - All I'm trying to say is the price of oil is the result of supply and demand. - RobVG - 12/28/2015 7:33:23 PM
        
        The price of oil is dependent on the perception of supply, demand and making a buck on the futures market. - Tony - 1/12/2016 6:53:21 PM
        
        What I don't get is.... - RobVG - 1/13/2016 3:37:25 AM
        
        Two things drive markets. - ER - 1/13/2016 6:03:15 AM
        
        Tell me why Conservatives so love monopolies? - bowser - 12/29/2015 2:08:00 AM
        
        Show me where the monopoly is. - RobVG - 12/29/2015 5:09:56 AM
        
        Let's be reasonable, without the cheap shots. - bowser - 12/29/2015 6:55:26 AM
        
        Sure, though supply and demand can be manipulated - Robert - 12/28/2015 11:01:07 PM
        
        Of course Supply and Demand works. - ER - 12/28/2015 8:49:15 PM
  - ...and more of a fist - mcfly - 12/23/2015 11:17:18 PM
    - The free market. - ER - 12/24/2015 12:38:24 AM
      - *Sniff*, that's beautiful man..... - RobVG - 12/24/2015 3:39:19 AM
        
        You DO realize I'm just pressing your buttons, right? :-) - ER - 12/24/2015 4:09:21 AM

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