reefraff
Active Member
Originally Posted by mkzimms
http:///forum/post/2715904
its not true economic supply and demand though, its speculative supply and demand based around political interests and market indications. nothing has to do with the fact that x amount of people want x amount of what is being produced.
as for hydrogen and compressed air, those are both moving the requirement of oil from view. both processes still require oil to make the end product.
Basic econ 101. If demand increases and supply remains the same prices increase. Drilling for more oil increases supply which decreases demand on the available supply. If we were dealing with a large surplus of available oil more drilling wouldn't influence price but that isn't the case right now.
http:///forum/post/2715904
its not true economic supply and demand though, its speculative supply and demand based around political interests and market indications. nothing has to do with the fact that x amount of people want x amount of what is being produced.
as for hydrogen and compressed air, those are both moving the requirement of oil from view. both processes still require oil to make the end product.
Basic econ 101. If demand increases and supply remains the same prices increase. Drilling for more oil increases supply which decreases demand on the available supply. If we were dealing with a large surplus of available oil more drilling wouldn't influence price but that isn't the case right now.