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Old 03-08-2008, 01:46 PM
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fabsroman fabsroman is offline
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Skeeter,

It just cannot work the way you think it does for oil. With property taxes, I guess it is possible because those are government driven, but who elected those government officials? You guys still had some control over that one, and probably more than over the price of oil.

If supply becomes too high and there isn't enough demand for oil, assuming that there is more than one supplier, the price has to come down. The suppliers don't want to store oil and pay for storage. If a bunch of suppliers have a lot of product and nobody to sell it to, you can bet that prices will be coming down. If people are moving away from oil, raising prices will only encourage more people to find an alternative.
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