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Sun 16 Mar, 2008 06:29 pm
The price to oil isnt set by the oil companies I heard. If that's correct, then why isnt everything made/produced/whatever by other companies not set by those very companies? Why isnt everything you can think of buying rising and lowering in price like oil? What makes oil so different and worthy of a rising and lowering kind of pricing? And what's it because of?
Here's another question: If everything could rise and fall because of whatever the case may be by whomever, how would the economy be then?
Like go to a store one day and go "Oh, looks like the price of potatoe chips just rose, but the price of light bulbs lowered." Then go to a store on another day and go "Oh looks like the price of potatoe chips lowered, but the price of light bulbs rose".
^^Would it be better if things went that kind of way for whatever the 'because of' reason is on oil?
Everything made/produced/whatever by other companies is not priced by those very companies. Everything is market priced unless you have a monopoly or a group of companies acting as a monopoly. One difference for other products is that they are not speculated upon. One factor driving up oil right now is that there is a fair amount of oil speculation going on. I read one estimate that the added demand due to speculation is adding $30/bbl to the price. Folks just don't do that with coffee.
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