Sometimes it's just supply and demand.

Current Events » in reply to "the Saudis are pressuring Bush to keep demand as low as possible."

TB — 11/23/2008 6:30:15 AM (archived)

The price went down because it had gone to ridiculous heights in the first place, and then demand dropped, both because of the high prices and the economic crisis.

If this was all some clever deal by the Saudis, then why is OPEC desperately cutting back production to try to crank the prices back up again?

The whole thread (9 posts)

"Time to top up strategic oil reserve?" No,it's time to study the issue. - Bowser - 11/23/2008 1:59:04 AM
- There's more to this than meets the eye. - ER - 11/23/2008 3:47:38 AM
  - Hmmm. Two scenarios. One guy says producers would appreciate it. - Bowser - 11/23/2008 5:03:11 AM
    - "the Saudis are pressuring Bush to keep demand as low as possible." - ER - 11/23/2008 6:11:31 AM
      - Sometimes it's just supply and demand. - TB - 11/23/2008 6:30:15 AM
        
        Supply and demand doesn't answer Bowser's question. - ER - 11/23/2008 6:49:56 AM
        
        re: Bowser's question. - TB - 11/23/2008 6:35:37 PM
        
        Reality check. - Bowser - 11/24/2008 2:45:01 AM
        
        Hey, I'm the man with the answers. - ER - 11/23/2008 11:30:07 PM

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