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Reply #26: And all of this is built into the base price [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010)

zipplewrath

(1000+ posts) Send PM | Profile | Ignore

Tue Apr-06-10 04:06 PM
Response to Reply #25

26. And all of this is built into the base price

The fluctuations we see right now from week to week have nothing to do with overall ability to pump oil.

As you say, they are coupled. As prices rise, it affects demand. If the price rises too quickly, the demand will rapidly respond, really over respond. The price fluctuations are based upon anticipated changes in demand, not supply.

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