Reply to thread

Message

Your comment indicates a fundamental lack of understanding markets; supply, demand, and the futures.

Here's an example of this in action. Biden went to Saudi Arabia in an attempt to talk OPEC out of cutting production. Why? Because the prices would go up. He asked them to delay the move until after the mid-terms. Why? He didn't want prices on an upswing going into an election. He has released oil from the oil reserves. That move was intended to ease the cost of gas we're paying. How does that work? There's a greater supply.

Synopsis: A pipeline would have put more oil on the market. More oil, lower prices. The futures market on oil would see more production leading to lower prices.

If you didn't learn these things in high school, the failure of your education came long before any degree. This is, literally, Business 101 as well: rarity equals more value—of everything.

<blockquote data-quote="TerryP" data-source="post: 1466926" data-attributes="member: 12209">Your comment indicates a fundamental lack of understanding markets; supply, demand, and the futures.&nbsp; Here&#039;s an example of this in action.&nbsp; Biden went to Saudi Arabia in an attempt to talk OPEC out of cutting production.&nbsp; Why?&nbsp; Because the prices would go up.&nbsp; He asked them to delay the move until after the mid-terms.&nbsp; Why?&nbsp; He didn&#039;t want prices on an upswing going into an election.&nbsp; He has released oil from the oil reserves.&nbsp; That move was intended to ease the cost of gas we&#039;re paying.&nbsp; How does that work?&nbsp; There&#039;s a greater supply.&nbsp; Synopsis:&nbsp; A pipeline would have put more oil on the market.&nbsp; More oil, lower prices.&nbsp; The futures market on oil would see more production leading to lower prices.&nbsp; If you didn&#039;t learn these things in high school, the failure of your education came long before any degree.&nbsp; This is, literally, Business 101 as well: rarity equals more value—of everything.</blockquote>

[QUOTE="TerryP, post: 1466926, member: 12209"] Your comment indicates a fundamental lack of understanding markets; supply, demand, and the futures. Here's an example of this in action. Biden went to Saudi Arabia in an attempt to talk OPEC out of cutting production. Why? Because the prices would go up. He asked them to delay the move until after the mid-terms. Why? He didn't want prices on an upswing going into an election. He has released oil from the oil reserves. That move was intended to ease the cost of gas we're paying. How does that work? There's a greater supply. Synopsis: A pipeline would have put more oil on the market. More oil, lower prices. The futures market on oil would see more production leading to lower prices. If you didn't learn these things in high school, the failure of your education came long before any degree. This is, literally, Business 101 as well: rarity equals more value—of [B]everything[/B]. [/QUOTE]