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Buffalo Bob

Joined: 07/22/2014 Posts: 17543
Likes: 6647

Unlike other products the demand for gas is somewhat fixed.

I suppose there is a price point when people will make sacrifices, but it's demand is very rigid. I think there is world politics involved in the whole industry and it's complicated - goes well beyond just greed, though I am sure there is some of that too.

(In response to this post by buffdad)

Posted: 01/13/2016 at 1:13PM


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Current Thread:
I'll never understand the oil market. -- Portland 01/13/2016 10:00AM
  Yeah, the price of oil isn't what -- buffdad 01/13/2016 11:37AM
  Largely true -- buffdad 01/13/2016 1:36PM
  Mark it up to greed -- buffdad 01/13/2016 10:09AM
  How about the greed of the airlines who continue to -- buffaloaded 01/13/2016 10:24PM
  Greed by the Saudis who continue to -- buffaloaded 01/13/2016 10:22PM