[SoylentGreen]

my answer is to the still plentiful supply of sheeple who think Oil is going back down to $80

[Hartmann]

$this->bbcode_second_pass_quote('Olle', '')$this->bbcode_second_pass_quote('Cashmere', '
')Can anybody name 5 reasons that oil will go down?

[seldom_seen]

$this->bbcode_second_pass_quote('DantesPeak', 'T')he pending collpase of mortgage giants, Fannie & Freddie, marks the beginning of the next wave of dollar debasement.

The first one started last November with a major change in Federal Reserve policies. The second one probably starts today as the government assumes trillions $s in mortgages, plus many trillions $ more in derivatives.

Due to these monetary/fiscal policies, eventually we will look back and see $145 as just a short stop on the way to a much higher price.

[copious.abundance]

$this->bbcode_second_pass_quote('Cashmere', 'C')an anybody name 5 reasons that oil will go down?

[SoylentGreen]

Your right, the price of a rapidly depleting, unrenewable commodity so vital to modern civilization cant go up forever. It will probably stop going up when there is no more modern civilization.

[jdumars]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('Cashmere', 'C')an anybody name 5 reasons that oil will go down?

[copious.abundance]

jdumars, you know zilch about economics. For starters, the price of oil in Zimbabwe has skyrocketed not because of a shortage of oil, but because the value of their currency has collapsed. But that, too, will eventually come to an end. I guarantee it.

Economics is not a philosophy or "fiction," as you believe. Economics is just as much a science as is ecoology. And frankly, they both obey pretty much the same rules.

[jdumars]

$this->bbcode_second_pass_quote('OilFinder2', 'j')dumars, you know zilch about economics. For starters, the price of oil in Zimbabwe has skyrocketed not because of a shortage of oil, but because the value of their currency has collapsed. But that, too, will eventually come to an end. I guarantee it.

Economics is not a philosophy or "fiction," as you believe. Economics is just as much a science as is ecoology. And frankly, they both obey pretty much the same rules.

[strata]

$this->bbcode_second_pass_quote('jdumars', '')$this->bbcode_second_pass_quote('OilFinder2', 'j')dumars, you know zilch about economics. For starters, the price of oil in Zimbabwe has skyrocketed not because of a shortage of oil, but because the value of their currency has collapsed. But that, too, will eventually come to an end. I guarantee it.

Economics is not a philosophy or "fiction," as you believe. Economics is just as much a science as is ecoology. And frankly, they both obey pretty much the same rules.

[copious.abundance]

Human behavior is as subject to the laws of physics and nature as is anything else. Therefore, observation of human behavior is as much as science as are observations of physics and nature.

Economics must contend with natural systems because, as long as we must use matter and energy for our human systems, observations of the interactions of human systems with supplies of matter and energy on earth merely becomes part of what economics observes. It is impossible for it not to. E.g.: Economics cannot pretend there is an infinite supply of gold on the planet. If gold really, truly is scarce, economics merely observes how human systems cope with that scarcity.

[Ludi]

$this->bbcode_second_pass_quote('strata', 'e')cology, which itself isn't even a natural science either! Biology, I can sort of see as being on par with natural sciences, but that's built on top of chemistry and physics anyway.

[jdumars]

I'm not saying I think the price of oil is going to go up forever. I am saying in theory it could. OF was so pedantic in his "explanation" of why oil was going to go down that I felt obligated to equally vehemently explain why he was wrong.

[copious.abundance]

$this->bbcode_second_pass_quote('jdumars', 'I')'m not saying I think the price of oil is going to go up forever. I am saying in theory it could. OF was so pedantic in his "explanation" of why oil was going to go down that I felt obligated to equally vehemently explain why he was wrong.

[copious.abundance]

$this->bbcode_second_pass_quote('jdumars', 'I')f every last person died, economics would cease to exist, but meteorology, geology, biology wouldn't.

[seldom_seen]

Economics is much closer to a religion than anything in the sciences. If an anthropologist showed up from mars they would classify it as a "faith based cargo cult."

You just have to listen to the terminology to get a feel for it's mystical religious symbolism.

"The invisible hand." Ooohh? Who's hand is that? Is it god?

"Market forces." What are these strange, and powerful forces? Are they controlled by the invisible hand? The invisible hand of god? Not to worry though, these "market forces" will provide answers to all our problems.

Or how about when the messiah, son of god, Alan Greenspan was Fed Chair? If he was about to make a pronouncement from the altar, you could hear a pin drop on the trading floors. Afterwards, analysts would spend days dissecting every word that flowed from the prophets mouth.


Osiris Ra - Horus the all seeing eye of Baal, their god of the sun.

[MathMurderer]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('jdumars', 'I')f every last person died, economics would cease to exist, but meteorology, geology, biology wouldn't.

[copious.abundance]

Of course if humans ceased to exist, the study of themselves would also cease to exist. So what? Does that mean the study of themselves is illegitimate and fictitious? No it doesn't - it just means they wouldn't be around to study themselves anymore. Nothing more. Same thing would be true of any other species, if they happened to have the ability to study themselves.

[Rogozhin]

How many gallons of diesel is used to produce the loaf of bread in your supermarket?

[strata]

$this->bbcode_second_pass_quote('Ludi', '')$this->bbcode_second_pass_quote('strata', 'e')cology, which itself isn't even a natural science either! Biology, I can sort of see as being on par with natural sciences, but that's built on top of chemistry and physics anyway.

[Ludi]

$this->bbcode_second_pass_quote('strata', ' ')like evolutionary biology which is definitely not a natural science, more like conjecture.