Bush or Kerry
Posted 04 November 2004 - 10:07 AM
This means supply has a much larger effect on price than demand. This is why the main oil producing nations meet to determine how much they will stockpile. However, demand does have an effect on price but only on a local scale (within a city or state) but in the global market price is all down to supply.
Posted 04 November 2004 - 10:13 PM
Here's the real reason for the increase in the price of oil
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Well, when it comes to writing an expository essay about counter-insurgent tactics, I'm of the old school. First you tell them how you're going to kill them. Then you kill them. Then you tell them how you just killed them.
Posted 04 November 2004 - 11:02 PM
AdmiralGT: Well thought out and well written. Makes alot of sense. Supply and stockpiling does makes sense. Makes more sense than too many vehicles driving in Iraq.
Posted 05 November 2004 - 01:00 AM
- Yukos (I think it's called that), the main Russian petrol extractor had some corruption problems and production problems. The owner of Yukos, the richest guy in Russia is in the jail.
- In Nigeria, their oil were being sabotaged by rebels. Or their workers went on strike... not sure.
But certainly the war increased a lot the price of the oil. I just want to remind you that in the beggining of 2003, the barrel of oil was being sold by $25 at New York. It recently reached $54, one year and a half later.
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