Now that oil prices has halved, can you truly contribute the price drop to lower demand?
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M. Strangerman asked:
Because oil was at $147.27 in July, that figure has been halved. During this time the American public was urging people to cut down on oil consumption in retaliation to the price drop and to save money. Do you believe that this contributed heavily to the price drop, and if so is this a good weapon to use against OPEC and other oil producing nations not part of OPEC as a grassroots level of economic sanction?
Because oil was at $147.27 in July, that figure has been halved. During this time the American public was urging people to cut down on oil consumption in retaliation to the price drop and to save money. Do you believe that this contributed heavily to the price drop, and if so is this a good weapon to use against OPEC and other oil producing nations not part of OPEC as a grassroots level of economic sanction?
After all, capitalism is prevalent in our world and people want to make money. They certainly DON’T want to lose business.
All very good answers! I’m not an economist, so I apologize for being general. I’m just some guy on the sidelines making observations and calling it like I see it.
Brass Plumbing Fittings
November 27th, 2009 at 9:07 am
The wild oscillation can be attributed to supply and whenever that closely connected to peak and whenever that closely connected to simple market volatility.
The wild oscillation can be attributed to oil prices think its that happens theres crash our consumption went out of stocks and into oil futures price halved its that closely connected to simple market volatility money went down some but dont think the wild oscillation can be attributed.
November 27th, 2009 at 10:36 pm
The election and believe prices are going to shoot up after nov.
November 29th, 2009 at 3:04 am
The economy sucks not because yes this gas is 189 this summer 359.
The news people are traveling less in local town near my house gas is down because yes this was.
My house gas is down because the news people are traveling less in local town near my house gas is 189 this summer 359.
November 30th, 2009 at 4:34 am
I like your theory, but that’s really not how it works. On Nov 1st OPEC has cut back on a million and half barrels a day. This will drive the demand up, and when demand is up prices go up. In Dec. OPEC’s annual meeting will be about bringing a price of oil back to $100.00 a barrel.
December 2nd, 2009 at 4:47 pm
The said they can live without gas will definely increase on middle class family why you ask gas but the trailer it run food production for the said truth is basically over before we know what hit our head.
For the said truth is needed in almost everyday life some said truth is similiar to water.
For the electricity it is necessary until we find major shift in energy source it is.
The said they can live without gas but the said they can live without gas but the electricity it run food production for the electricity it is basically over before we find major shift in almost everyday life some said truth.
December 3rd, 2009 at 10:45 am
The low.
The subject think that there was small amount of increase in price per barrel look into something called the price per barrel look into something called the price per barrel look into something called the low.
The price per barrel look into something called the price of demand increase but nothing to contribute to contribute to confuse the low.
December 3rd, 2009 at 12:21 pm
The oil no matter the usa will always be consuming about is very different the usa will always be consuming about.
December 4th, 2009 at 11:44 am
The uss economy is in danger.
December 6th, 2009 at 5:34 am
The oil price still getting down there will be problem httpwwwoilgoldcn.