Re: $57.00 per 100wt white beans!

Posted by john in la on May 25, 2008 at 22:42:54 from (67.35.255.69):

In Reply to: $57.00 per 100wt white beans! posted by B-maniac on May 25, 2008 at 20:04:30:

I do not think anyone really believes that oil is in short supply. You hear all the time about OPEC capping wells to slow supply.

But it is all about Supply and Demand.
The oil companies control all the supply.
And everyone of us with a car controls Demand.

As long as we demand a steady supply of gas and diesel; and are willing to pay anything to get it; the oil companies will do as they have been doing.

Look at it this way.........
You have a used tractor. The book value is $4000. Everyone you have talked to says if you get over $4000 you will be very lucky. Then I come along and offer you $6000 for it. Are you going to tell me it is only worth $4000 OR are you going to take my money and laugh at me all the way to the bank.

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