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Price of gasoline (petrol to some) - update
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Join Date: Dec 2005
Posts: 5,850
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Solved Threads: 751
But it's only low because the global economy has been torched, not because of some military "success" (or otherwise).
I bet that aspect wasn't in the sales pitch for war.
> Really, what's the cause of this steep decline of oil price?
Same thing that drove it up.
Actual supply + perception of supply + speculation < Actual demand + perception of demand + speculation
Except now the market as a whole now believes demand is falling faster than OPEC can (or can be believed to) cut production.
Ergo, more supply (real or imaginary) than there is demand.
In other news....
http://www.brillig.com/debt_clock/
so each citizen's share of this debt is $34,842.36.
http://factfinder.census.gov/servlet/SAFFFacts
Average family/household size = 3 (more or less)
National debt per HOUSEHOLD = $105,000
Same website also says
Median value of owner-occupied homes = $119,600
So to clear your debt, everyone needs to sell up, give a whole wedge of money to your national creditors, then go buy a camper-van with the $14,600 you have left over.
Still feeling like the richest nation on earth?
I bet that aspect wasn't in the sales pitch for war.
> Really, what's the cause of this steep decline of oil price?
Same thing that drove it up.
Actual supply + perception of supply + speculation < Actual demand + perception of demand + speculation
Except now the market as a whole now believes demand is falling faster than OPEC can (or can be believed to) cut production.
Ergo, more supply (real or imaginary) than there is demand.
In other news....
http://www.brillig.com/debt_clock/
so each citizen's share of this debt is $34,842.36.
http://factfinder.census.gov/servlet/SAFFFacts
Average family/household size = 3 (more or less)
National debt per HOUSEHOLD = $105,000
Same website also says
Median value of owner-occupied homes = $119,600
So to clear your debt, everyone needs to sell up, give a whole wedge of money to your national creditors, then go buy a camper-van with the $14,600 you have left over.
Still feeling like the richest nation on earth?
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Join Date: Apr 2004
Posts: 4,461
Reputation:
Solved Threads: 254
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Originally Posted by Salem 
But it's only low because the global economy has been torched, not because of some military "success" (or otherwise).
I bet that aspect wasn't in the sales pitch for war.
"One of the methods used by statists to destroy capitalism consists in establishing controls that tie a given industry hand and foot, making it unable to solve its problems, then declaring that freedom has failed and stronger controls are necessary." --Ayn Rand
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