Thread: Gas prices...
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Old 08-10-05 | 05:31 PM
  #60  
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I've said this before, but since consumption is going UP while prices also go up, it suggests to me that oil/gas is underpriced as a commodity. Severely. Basic market economics tells me so. Either that, or market pricing no longer applies to this particular commodity-- in effect, everyone thinks they must have it, so the producers can charge whatever they like...

And no, I have no idea what the tipping point, where people begin to consume less because the price is to high, will be (or even if there is one).
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