Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: IronJack
I'm not entirely ignorant of the laws of supply and demand. I just don't see that as a satisfactory explanation of this phenomenon. On the other hand, monopoly serves to adequately explain almost all of what we're seeing in the oil industry today.

that is because rather than look up the easy to find stats on Chinese demand, you would prefer to go with the conspiracy theory. The reality is that I did and/or used to work for a large "oil company" and I can tell you as a fact that we sold our products on the open market in a very competitive environement. Yes, OPEC can tinker with stuff here and there, but to call it a monopoly is just plain wrong.

50 posted on 05/03/2005 10:06:58 AM PDT by Rodney King (No, we can't all just get along.)
[ Post Reply | Private Reply | To 45 | View Replies ]


To: Rodney King

I will check the stats. I admit I've never really looked them up. But my gut tells me that the demand from China alone could not possibly account for the difference we're seeing at the pump.


57 posted on 05/03/2005 11:28:53 AM PDT by IronJack
[ Post Reply | Private Reply | To 50 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson