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#11
11-10-2005, 04:39 PM
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Re: Why is Oil a rare commodity in 2005...
Oil is a finite commodity. The more you use, the less there is. The less there is, the more you pay. You think you pay alot now? Wait, in a couple of years you will be paying much much more, for a lower grade of oil, which is why we need to start switching, to other forms of (preferably renewable) energy asap. It also doesn't help that the oil companies are crooked bastards.
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#12
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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#13
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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#14
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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#16
11-10-2005, 08:51 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
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... [/ QUOTE ] Say what? Crude oil is traded on commodity markets, which are quite volatile. The oil companies don't "fix" the price of oil.
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#17
11-11-2005, 03:44 AM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
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... [/ QUOTE ] The fact that you think that the government will actually solve anything is quite disturbing. Why, per se, do you think that a central planner will act in a manner that is more beneficial to society? Do you actually believe that this is more beneficial than the will of the people as individuals? In reality, I realize that OPEC exists, that doesn't mean that it isn't [censored]. Maybe prices would be lower without BS regulations. Oil is a SCARCE resource, and is priced according to the market for the most part though. Until new energy technologies become mainstream, you are going to have to deal with it.
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#18
11-11-2005, 07:35 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
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... [/ QUOTE ] Kane, if you really believe this, why dont you look for other people who think the same way (and I'm sure lots of people do), pool your money togeather into a fund, start yourself an oil company, don't agree on any deal regarding price-fixing, sell at lower cost and reap all the profits (you think the have this huge margin and insane profits right) so get in the market yourself, and make some bucks! Also as a sidenote, study a bit more about economics.
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#19
11-11-2005, 07:40 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
arent the oil companies alligned with one another to ask the same price? cant believe gov lets them get away with this, oh wait... [/ QUOTE ] [ QUOTE ] this argument sucks so bad it isnt funny
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#20
11-11-2005, 08:20 PM
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Re: Why is Oil a rare commodity in 2005...
[ QUOTE ]
[ QUOTE ] 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... [/ QUOTE ] Kane, if you really believe this, why dont you look for other people who think the same way (and I'm sure lots of people do), pool your money togeather into a fund, start yourself an oil company, don't agree on any deal regarding price-fixing, sell at lower price and reap all the profits (you think the have this huge margin and insane profits right) so get in the market yourself, and make some bucks! Also as a sidenote, study a bit more about economics. [/ QUOTE ]
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