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Originally Posted by Butterfly  Quote: |
Originally Posted by Whiteshiva Not really, demand will always equal supply because the price of the commodity adjusts automatically to keep the two in balance | yes and no, Demand will intersect Supply at the equilibrium price, but changing price will be determined by changes in the demand curves or the supply curves. If supply shifts, with a constant demand, curved right, then left, price will adjust. At the end, less quantity is more quality and is served by supply as everyone can't afford the high price, only those who value their sanity the most. Very simple. And we are seeing it now. Quote: |
Originally Posted by Whiteshiva Which I think is over-simplifying the mechanisms at work to the extent where it doesn't really tell you anything. | It just tells you facts, nothing else, not projected opinions or other creative ideas/fiction from Butterflyworld  |
Well the facts are, as they stand, that Sweet Crude finished at $131.55 and Brent at $131.64.