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fasttense

(17,301 posts)

12. Supply and demand left the market years ago

Reply to brooklynite (Reply #8)

Mon Oct 13, 2014, 09:04 AM

Oct 2014

When the middle east kings of oil producing nations got together to set the price of oil, it became a price fixing monopoly. Today only five oil corporations control most of the oil. They routinely play games to fix the price. I think the rich old men who own the corporations are too greedy to let the price drop into the low price range. If it goes below 2.5, I would be surprised.

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17 replies

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Highlight:

Why I Think Gas Prices in USA Will Remain Low for a Couple of Years... [View all] Stuart G Oct 2014 OP

Gas Prices Are Low Because Global Demand Is Lower And Global Supply Is Greater cantbeserious Oct 2014 #1

pump prices have less to do with supply and demand safeinOhio Oct 2014 #3

What the market will bear is about supply and demand Gman Oct 2014 #9

I agree with you that Tesla is a "small player" but, I need to add this. Stuart G Oct 2014 #4

America: You’ve got three more years to drive normally! - Part 2 4dsc Oct 2014 #2

.. unhappycamper Oct 2014 #5

Do you or anyone you know own a Tesla? Renew Deal Oct 2014 #6

I do not know anyone who owns one Stuart G Oct 2014 #7

I drove behind one the other week justiceischeap Oct 2014 #15

This is like saying Windows PC prices are low to force Apple out of business... brooklynite Oct 2014 #8

Supply and demand left the market years ago fasttense Oct 2014 #12

2.85 today Skink Oct 2014 #16

The global economy is slowing, demand is down Fumesucker Oct 2014 #10

They'll go up on Nov. 5 (nt) bigwillq Oct 2014 #11

I think that's ridiculous Spider Jerusalem Oct 2014 #13

The Price of Oil is negotiated by politicians Demeter Oct 2014 #14

Good idea. If it's not Tesla directly, it'll be the impact of overall energy conservation Corruption Inc Oct 2014 #17