Sapientia
Quality Control Engineer
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Quote: from Moridin at 2:01 am on June 3, 2007
 Basic approximations of supply and demand does not work in reality that well. 
Well, of course not. It's all very theoretical. However, if every single reader of this message adheres to it (literally millions of people), we could probably put some mild pressure on oil firms. Too bad people ain't that obedient.
A lot of things decide what the price is, such as what the owners want, competition, cartels, and so on.
Yes, cartels do have a great deal of power...and of course, whatever changes we could achieve would be offset by growing demand in China, India etc. However, the basic forces of demand and supply should not be underestimated; they are the foundations of the market mechanism. The ability of a firm, in the long term, to maintain high prices in the face of weak demand is virtually impossible, cartels or no cartels.
Useless spam.
I'd say interesting in theory, not so hot in practise.
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