 Quote:
Originally Posted by brewer12345
You do understand what high commodity prices incentivize commodity producers to do, right? No oil company on the planet is producing less than they possibly can right now. Many likecurrent prices so much that they have gone into the futures markets and locked in the current level of price for their future production as well.
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Actually refineries are operating at 85% capacity right now, demand is dropping and prices are still rising. Speculators in the oil commodities are driving the prices up, not shortages or increased demand. But it is alot like the housing bubble. Eventually it will all fall apart.
Anyone see any gas stations running out of gas out there yet?
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