Forums
New posts
Search forums
What's new
New posts
New media
New media comments
Latest activity
Classifieds
Media
New media
New comments
Search media
Log in
Register
What's New?
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Navigation
Install the app
Install
More Options
Advertise with us
Contact Us
Close Menu
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Forums
The Water Cooler
General Discussion
Government Forcing Gas Prices Up So We Go Green?
Search titles only
By:
Reply to Thread
This site may earn a commission from merchant affiliate links, including eBay, Amazon, and others.
Message
<blockquote data-quote="Ace_on_the_Turn" data-source="post: 2822246" data-attributes="member: 27417"><p>There is simply no way you can refer to oil production as a monopoly. There are about 50 countries that produce oil (at least 100,000 barrels a day). And 10 times that many oil companies. Oil producing countries are all over the social/political spectrum. From the US, to China, to Russia, to Saudi Arabia, to Mexico, to Denmark and on and on. Hell, OPEC can't hardly agree on production limits, and it's open secret that all OPEC member nations cheat and produce more than they claim they do. The grey market for oil is the shadiest market there is. Do you think a monopoly would allow oil to drop from $140 to $40? </p><p></p><p>De Beers was able to control the price of diamonds for so long because they controlled so much of the production and supply of diamonds. Which is no longer true. And because no one needs a 2 carat, flawless diamond. </p><p></p><p>Comparing oil to diamonds is like comparing, well, oil to diamonds. There is no comparison.</p></blockquote><p></p>
[QUOTE="Ace_on_the_Turn, post: 2822246, member: 27417"] There is simply no way you can refer to oil production as a monopoly. There are about 50 countries that produce oil (at least 100,000 barrels a day). And 10 times that many oil companies. Oil producing countries are all over the social/political spectrum. From the US, to China, to Russia, to Saudi Arabia, to Mexico, to Denmark and on and on. Hell, OPEC can't hardly agree on production limits, and it's open secret that all OPEC member nations cheat and produce more than they claim they do. The grey market for oil is the shadiest market there is. Do you think a monopoly would allow oil to drop from $140 to $40? De Beers was able to control the price of diamonds for so long because they controlled so much of the production and supply of diamonds. Which is no longer true. And because no one needs a 2 carat, flawless diamond. Comparing oil to diamonds is like comparing, well, oil to diamonds. There is no comparison. [/QUOTE]
Insert Quotes…
Verification
Post Reply
Forums
The Water Cooler
General Discussion
Government Forcing Gas Prices Up So We Go Green?
Search titles only
By:
Top
Bottom