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Age of Kings Heaven » Forums » Town's Crier » Oil price is not a toy!
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Topic Subject:Oil price is not a toy!
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Los Templiero
Squire
posted 11-07-08 06:14 AM CT (US)         
Hi again. In this July oil price touches well near US$150, and now it drops to about US$60. What the hell causes that thing?

The Hour (of Judgment) is nigh, and the moon is cleft asunder. But if they see a Sign, they turn away, and say, "This is (but) transient magic." They reject (the warning) and follow their (own) lusts but every matter has its appointed time. (Al-Qamar: 1-3)

War is a quarrel between two thieves that too coward to fight each other, uses their money to recruit soldiers, give them arms and uniforms, and letting them killing each other like wild animals. - Carlyle
AuthorReplies:
Lord Fenris
Banned
posted 11-07-08 06:15 AM CT (US)     1 / 46       
Oil supply and oil demand, I'd imagine.
Andanu Trisatya
Squire
posted 11-07-08 07:06 AM CT (US)     2 / 46       
Worldwide fear of future recession, I say. The half-dead equity markets also have a significant influence on that matter. Global economy slows down, financial crisis is bound to exist as long as another year, so the global demand for oil takes a freefall. You can't blame prices for keep going up and down though, it really is how the market equilibrium works, like Areknore hinted.

On another note, hello there, fellow countryman.

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████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-

[This message has been edited by Indonesian Knight (edited 11-07-2008 @ 07:09 AM).]

nav
Squire
(id: nav_2004)
posted 11-07-08 08:30 AM CT (US)     3 / 46       
There are many factors that contribute to the price of crude oil. Supply and demand is a big one. This summer the demand was viewed as way ahead of the supply, which inherently drives up prices. Now the demand is perceived as slowing as the world economies slow. OPEC announced production cuts, but they have done little to drive the price of crude oil back up. It's not just simple supply and demand that affect the price of crude oil.

Crude oil is bought and sold in American dollars. As a result of this, the price of oil is tied to the strength of the American dollar compared to other world currencies. As the American dollar falls, crude oil prices go up, and vice versa. This summer the American dollar was weaker compared to other currencies, but it has since rallied.

The final big factor in the price of crude oil is commodity trading. There is a lot of agreement among experts that this summer's high oil prices were driven in part by speculators on the commodity markets. The commodity markets have been increasingly used by investors who have less of an interest in the commodity itself than the attempt to make a quick profit. As more people buy into the crude oil commodity, the price goes up. When investors began to panic at the end of the summer, they began to sell their stakes in the oil commodity, driving the price back down.

Those are the three big driving factors in the price of crude oil as far as I understand it.



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Mr Wednesday
Cavalier
(id: matty12345)
posted 11-07-08 11:55 AM CT (US)     4 / 46       
Everyone knows that the gas price is determined by the little unwashed man behind the counter of the gas bar that always tries to sell you a points card.

It is crazy though, the price has dropped 55 cents a liter since it maxed out.

"And Matt is a prolific lurker, watching over the forum from afar in silence, like Batman. He's the president TC needs, and possibly also the one it deserves." - trebuchet king
Ornlu
Recreational Procreator
posted 11-07-08 02:37 PM CT (US)     5 / 46       
As long as people choose to pay for something, the price is justified. Never quite understood people who complain about it.

None of us are free, one of us is chained.
Gwame
Squire
posted 11-07-08 08:25 PM CT (US)     6 / 46       
What about essential goods that people have to buy, regardless of price? That's taking advantage.

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four hundred babies
Squire
(id: Lord_Fadawah)
posted 11-08-08 06:19 AM CT (US)     7 / 46       
As long as people choose to pay for something, the price is justified. Never quite understood people who complain about it.
Be careful man, that's a risky position to take.
Los Templiero
Squire
posted 11-08-08 06:31 AM CT (US)     8 / 46       
Engg... I must admit you're quite critical, Matty. BTW, fuel price im my home nation will decrease about 8%... this December.

The Hour (of Judgment) is nigh, and the moon is cleft asunder. But if they see a Sign, they turn away, and say, "This is (but) transient magic." They reject (the warning) and follow their (own) lusts but every matter has its appointed time. (Al-Qamar: 1-3)

War is a quarrel between two thieves that too coward to fight each other, uses their money to recruit soldiers, give them arms and uniforms, and letting them killing each other like wild animals. - Carlyle
nav
Squire
(id: nav_2004)
posted 11-08-08 09:29 AM CT (US)     9 / 46       
As long as people choose to pay for something, the price is justified. Never quite understood people who complain about it.
If, hypothetically, I controlled your only sources of food, water, and air, and I charged a ridiculously high price for them, would that be justified? You'd be choosing to pay for it, right?

I guess my point is, Ornlu, that the reality of my life is that I choose to pay for gasoline just as much as I choose to pay for food to eat. I have to be able to drive to get to work. I can't walk or take public transportation (public transit doesn't exist and I can't live within walking distance).



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Andanu Trisatya
Squire
posted 11-08-08 04:12 PM CT (US)     10 / 46       
BTW, fuel price im my home nation will decrease about 8%... this December.
Not much of a decrease, in my opinion. Well, it's subsidized by the government, so I can't complain. But on the bright side, price for pertamax fuel has also decreased about ten percent to 7,000 rupiahs. Quite a beneficial 'trade-off' seeing that how superior that type of fuel is. I'm leaving premium now.

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/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-
Los Templiero
Squire
posted 11-08-08 05:19 PM CT (US)     11 / 46       
Well, it's subsidized by the internment, so I can't complain
Eh? I read newspaper and one of the quotations said that the government still benefits from this, because the actual price is 5327 rupiahs for this December (FYI, the premium's price will be decrease to 5500 rupiahs). In addition, the solar's price might not decrease, and this raise "distrust"among peasants, especially because some vehicles use this fuel(this includes but not limited to, logistic trucks and concrete-carrier trucks), as well as diesel machines in sailor's boat, etc. On the other side, is four hundred babies' signature isn't dangerous? It may raise heavy critics, especially from Muslims.

The Hour (of Judgment) is nigh, and the moon is cleft asunder. But if they see a Sign, they turn away, and say, "This is (but) transient magic." They reject (the warning) and follow their (own) lusts but every matter has its appointed time. (Al-Qamar: 1-3)

War is a quarrel between two thieves that too coward to fight each other, uses their money to recruit soldiers, give them arms and uniforms, and letting them killing each other like wild animals. - Carlyle
Andanu Trisatya
Squire
posted 11-08-08 06:14 PM CT (US)     12 / 46       
Indeed. Well, I'm sure you know the kind of government we have here. I for one think that they should just stop the subsidization for fuel. It's just a haven for corruption, and the large sum of money is wasted, because in the end it just flows to those corrupter's pockets. I don't get it, though, why did they not decrease the solar fuel price?
is four hundred babies' signature isn't dangerous? It may raise heavy critics, especially from Muslims.
I can't lie and say that I'm not offended at all, but frankly, I don't give a damn anymore about what people think about him. They can blabber or make a cynical joke about anything they wish, I couldn't care less. We'll just see who laughs last. It's that simple. I have had enough in debating and starting a ruckus about it, so there's no point in doing that again.

████████
████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-

[This message has been edited by Indonesian Knight (edited 11-08-2008 @ 06:27 PM).]

Los Templiero
Squire
posted 11-08-08 07:02 PM CT (US)     13 / 46       
And those corruptions slow down the development of a developing nation.

The Hour (of Judgment) is nigh, and the moon is cleft asunder. But if they see a Sign, they turn away, and say, "This is (but) transient magic." They reject (the warning) and follow their (own) lusts but every matter has its appointed time. (Al-Qamar: 1-3)

War is a quarrel between two thieves that too coward to fight each other, uses their money to recruit soldiers, give them arms and uniforms, and letting them killing each other like wild animals. - Carlyle
Ornlu
Recreational Procreator
posted 11-08-08 07:36 PM CT (US)     14 / 46       
If, hypothetically, I controlled your only sources of food, water, and air, and I charged a ridiculously high price for them, would that be justified? You'd be choosing to pay for it, right?

I guess my point is, Ornlu, that the reality of my life is that I choose to pay for gasoline just as much as I choose to pay for food to eat. I have to be able to drive to get to work. I can't walk or take public transportation (public transit doesn't exist and I can't live within walking distance).
I believe that these things even themselves out naturally. If food and water prices were outrageous, people would eventually protest and even use sheer force if necessary. Even if you were just able to manage, people in other industries would lose their customers. This would lead to no income -> nothing to spend and complete deflation. The prices of necessities would need to sink.

Of course, this is all theoretical and far-sighted. Individual customers, such as you, will suffer when they have no options but in the long run, people would find alternative ways for transportation. People adjust.

This is a very primitive and Darwinian way to see things obviously and I'm just trying to play the Devil's advocate here.

None of us are free, one of us is chained.
Andanu Trisatya
Squire
posted 11-08-08 07:43 PM CT (US)     15 / 46       
It doesn't slow down development, it does develop our nation...... to a worse condition.

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/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-
four hundred babies
Squire
(id: Lord_Fadawah)
posted 11-08-08 10:09 PM CT (US)     16 / 46       
This reminds me of last year's console scalping where people were walking into stores, buying all the PS3s, and selling them on eBay with an extra $200 on top. You can talk about supply and demand all you want, but I call that shortage profiteering.
I can't lie and say that I'm not offended at all
What's wrong with it? It doesn't insult anyone or anything. Is there some sort of rule that we can't use Muhammad in the same sentence as dog?
Andanu Trisatya
Squire
posted 11-08-08 11:28 PM CT (US)     17 / 46       
Is there some sort of rule that we can't use Muhammad in the same sentence as dog?
No. Do whatever you like. It's not like it's against the CoC anyway.

████████
████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-
four hundred babies
Squire
(id: Lord_Fadawah)
posted 11-08-08 11:58 PM CT (US)     18 / 46       
Will you answer the question?

I am deeply sorry that it offended you, but I just can't understand what you found offensive about it.

[This message has been edited by four hundred babies (edited 11-09-2008 @ 00:02 AM).]

Andanu Trisatya
Squire
posted 11-09-08 01:13 AM CT (US)     19 / 46       
(Nothing to see here. It was just some matter of misunderstanding.)

████████
████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-

[This message has been edited by Indonesian Knight (edited 11-09-2008 @ 03:30 AM).]

four hundred babies
Squire
(id: Lord_Fadawah)
posted 11-09-08 02:12 AM CT (US)     20 / 46       
What can I say. I meant it as a joke, or a piece of wordplay, because "prophet" sounds phonetically like "profit" in English.

Although as I didn't mean it as an insult, other people are complaining about it, so I will accept that it was over the line and an unwise thing to put in my signature. I'll remove the quote when I remember my password.

Sorry. You're a cool guy and I didn't mean to start trouble.
Andanu Trisatya
Squire
posted 11-09-08 03:18 AM CT (US)     21 / 46       
Ah, I see. Now why did I not think of that? I should be the one to apologize then. I exaggerated too much back there, which is one thing you'll have to tolerate knowing the position I described in post 19. Damn, this is really embarrassing.

Don't worry though, you're not obliged to change it if you don't want to. It's actually an amusing joke, which my non-humorous brains unfortunately didn't catch. But who knows, another clueless person would also find it offensive in the first glance.

You're a cool bloke as well, Fadawah, and I would never wish to start a senseless commotion with you.

████████
████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-

[This message has been edited by Indonesian Knight (edited 11-09-2008 @ 03:35 AM).]

Los Templiero
Squire
posted 11-09-08 07:13 AM CT (US)     22 / 46       
Enough. If you want to know who started this topic derailment, tell the originator of this thread, instead of Indonesian Knight. Fadawah, I'm open-minded enough to be just partially-offended, but I'm also open-minded enough to think that certain forumers would be really offended. I read on magazines that roughly one of six people in the world is a Muslim. (Hopefully, you get the matter.) Back to the topic, I made this topic because I'm suspicious that the oil price is played by speculators. For Fadawah, why don't you click the button below the password box?

The Hour (of Judgment) is nigh, and the moon is cleft asunder. But if they see a Sign, they turn away, and say, "This is (but) transient magic." They reject (the warning) and follow their (own) lusts but every matter has its appointed time. (Al-Qamar: 1-3)

War is a quarrel between two thieves that too coward to fight each other, uses their money to recruit soldiers, give them arms and uniforms, and letting them killing each other like wild animals. - Carlyle
Ornlu
Recreational Procreator
posted 11-09-08 07:46 AM CT (US)     23 / 46       
Enough. If you want to know who started this topic derailment, tell the originator of this thread, instead of Indonesian Knight. Fadawah, I'm open-minded enough to be just partially-offended, but I'm also open-minded enough to think that certain forumers would be really offended. I read on magazines that roughly one of six people in the world is a Muslim. (Hopefully, you get the matter.) Back to the topic, I made this topic because I'm suspicious that the oil price is played by speculators. For Fadawah, why don't you click the button below the password box?
Please don't go down that route. Open minded enough to be just partially offended? That is among the worst bullshit I've ever heard. Anyone with half a functioning mind can see that Fadawah's signature contains nothing malicious. Your conclusion is completely forced, you simply see what you wish to see. Learn from Indonesian Knight.

If you or anyone else is offended by that then you have nothing to do at a place like this.

None of us are free, one of us is chained.
Lord Fenris
Banned
posted 11-09-08 08:01 AM CT (US)     24 / 46       
I'm sorry for continuing this off topic discussion, but I'd just like to emphasise that the notion of being "open-minded enough to be just partially-offended" is completely absurd. I lol'd irl.
Andanu Trisatya
Squire
posted 11-09-08 08:49 AM CT (US)     25 / 46       
I'm also open-minded enough to think that certain forumers would be really offended.
It's in everyone's nature to feel offended when they deem something as offensive. Yes, we have the right to be offended by anything, but we shouldn't handle it in a way of throwing flames toward the person who's affronting us. It won't do anyone any justice, but instead, it makes matters worse. In the end, nobody's a winner.

If you're a Muslim as well Los Templiero (I don't have a clue), I suggest that you keep your head cool when you think that someone is insulting you or your faith, and let him say what they wish to say, as long as you think you're doing the right thing, and as long as you're doing it right. In this case though, Fadawah clearly stated that he didn't mean to contemn in any extent, so no one should blame him.

Now let's get the train back on track. This is getting way off hand, and, God forbid, we keep debating this until it evolves to an old-fashioned flame war. I was actually the one who foolishly derailed it in the first place, so I beg everyone's pardon.

████████
████████
/\NDANU TRISATY/\
The Least Skilled Member of StormWind Studios

-:|:- Blacksmith Files -:|:- Fabula Fatali -:|:- Photography -:|:- Age of Kings Heaven -:|:-

[This message has been edited by Indonesian Knight (edited 11-09-2008 @ 08:58 AM).]

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