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#1
11-10-2005, 11:52 AM
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Why is Oil a rare commodity in 2005...
or rather is should ask how did oil get so much more expensive in 2005 since 2003. when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that.
seems like a giant scam to me... 
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#2
11-10-2005, 01:49 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair.
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#3
11-10-2005, 03:17 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right?
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#4
11-10-2005, 03:28 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right? [/ QUOTE ] Welcome to the world of supply and demand, capitalism, and money. You've got a lot to learn.
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#5
11-10-2005, 04:04 PM
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Re: Why is Oil a rare commodity in 2005...
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#6
11-10-2005, 03:33 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right? [/ QUOTE ] Have you ever read anything on the subject of economics? Do you think you have a natural right to fly to Thailand or whatever it was?
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#7
11-10-2005, 03:37 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right? [/ QUOTE ] Have you ever read anything on the subject of economics? Do you think you have a natural right to fly to Thailand or whatever it was? [/ QUOTE ] I'm ok with him having a natural right to stay in Thailand ^_^
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#8
11-10-2005, 07:09 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right? [/ QUOTE ] Right.
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#9
11-10-2005, 07:51 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] [ QUOTE ] when i first came to thailand a roundtrip ticket from florida was $800 bucks, it is now about double that. seems like a giant scam to me... [/ QUOTE ] Build a raft or swim next time. You don't have a right to have someone else build intercontinental airliners and operate them at a price YOU deem fair. [/ QUOTE ] this argument sucks so bad it isnt funny. what if the prices of every food in a grocery store doubled. And if people dont like it they can grow their own food. And if the people live in a city, well then they should move to the country, right? [/ QUOTE ] Your knowledge of economics seems to be quite limited. The firm wouldn't make this decision unless it was in their best interest. That being said, if nobody flies on their airline, they will be force to go under... clearly not the best option. Basically, there is a demand for flights at this price level. The airlines are skeptical about future fuel prices and that is the reason for the high prices... such is the nature of having imperfect information. In your grocery store analogy, you claim that they could double their prices overnight, forcing individuals to supply their own food. The issue is that another firm would step in and supply at lower prices, thus reaping all of the profits. The invisible hand of the market, etc...
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#10
11-10-2005, 08:22 PM
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Re: Why is Oil a rare commodity in 2005...
you guys are focused on airline and not on oil. arent the oil companies alligned with one another to ask the same price? cant believe gov lets them get away with this, oh wait...
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