Friday, March 23, 2007
Oil - About those prices
"Supply and demand". A basic of economics.
More demand or less supply equals higher prices.
So, we have to decrease demand, OR increase supply, to get lower prices.
Duh!...
More demand or less supply equals higher prices.
So, we have to decrease demand, OR increase supply, to get lower prices.
Duh!...
In today's editorial, at Investors.com:
"Before greedy oil companies are blamed, we need to remind our state and national legislators that the law of supply and demand can't be repealed. No new refineries have been built in decades, and no new domestic supplies of oil have been developed. Our economy and our transport needs continue to grow. Do the math."
