Posted by
m0t0r1zed on Friday, June 27, 2008 8:42:33 AM
i can't stand it. ever the glutton for punishment, i read this article about speculators and supply and demand ... latimes. urgh. ima just gonna take my ball and glove, go home, and not play this game anymore.
http://www.latimes.com/business/la-fi-lazarus25-2008jun25,0,2383398.column
it's hard for industries to wave their magical wands and sprout nuclear power plants and have factories run on wishful thinking. and fed ex will need some time to convert their fleet to horseback and pterodactyl riders.
so, oil prices will go up and up and up and up and up and up and up and up and up to 2 bazillion dollars per barrel... until u put so many fat speculators sitting on a donkey that you break its back and the world goes into recession.
of course, this is all just supply and demand, so oil won't drop in price since this is the sparkly new reality. yeah, right. watch what happens to oil prices when the world economy goes under. oh wait, closed down factories and jobless people don't use as much oil. oh, you're right! so it is supply and demand after all! >.<
edit: correction. oil prices might plummet as speculators jump out just before we all go over the economic cliff. huzzah.