The actual value of things…

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From: nate
Subject: price of oil: bullshit
I don’t know if you’re interested or follow this issue, but it was about time for a political rant out of me. So, I have a big problem with how our economy is evaluated and how the values of commodities are determined. For instance, we are supposed to believe that oil is still the most economically feasible form of energy. This, I have maintained, is complete bullshit. Our gov’t. subsidizes the oil industry as well as other traditional american industries such as cotton and steel. This makes it appear to be economically feasible. This is illegal as far as the World Bank is concerned and other countries have tried to sue the US because of it. My point is that the actual value of these things is not determined by supply and demand or actual market value in terms of consumers. It is determined by the gov’t subsidies and by speculative investors. The fact is that oil supplies have not diminished and may have increased in recent years and that demand has not increased flies in the face of increasing oil prices that are nearing $100/barrel. This is messed up, and won’t last. What happens when investors get all excited about something and buy it? The value of what they’re buying increases. They are driving the price up, not anyone buying gasoline or other petrol products. End of rant. gotta go.

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About big jonny

The man, the legend. The guy who started it all back in the Year of Our Lord Beer, 2000, with a couple of pages worth of idiotic ranting hardcoded on some random porn site that would host anything you uploaded, a book called HTML for Dummies (which was completely appropriate), a bad attitude (which hasn’t much changed), and a Dell desktop running Win95 with 64 mgs of ram and a six gig hard drive. Those were the days. Then he went to law school. Go figure. Flagstaff, Arizona, USA

3 Replies to “The actual value of things…”

  1. Yes, speculators seem to really fuck things up.

    Of course, one way to decrease the price would be to decrease the demand…which is why all the hummer driving people get me so annoyed. I bet if I could commercialize a Bradley fighting vehicle some shitwit would buy it to cruise around the suburbs.