Why does the price of oil change with events when the cost to produce it remains the same?
I understand that the stock market changes that, however it seems real easy for an oil company to "create" an event to raise prices. Should the price be regulated like other industries so they have to justify increased costs to raise prices? They are making a killing profit wise with everything going on.
Why does the price of oil change with events when the cost to produce it remains the same?passions soap operaCome on Fantasy Girl. Stop living in a Fantasy World.
How come the price of a bannana changes if the costs to grow it remains the same?
How do you know the costs to produce oil are the same.
Maybe they have to pay corrupt governments more money for the right to drill in their country.
Maybe their security costs protecting the oil fields are higher in this post 9-11 world.
It might even cost them more money to ship it.
Maybe the price has actually gone down and it just seems like we're just paying more because the value of the dollar has fallen against other currencies.
Come on Fantasy Girl. Close this question out and vote my answer the best.
But what I still can't figure out is why does the price of a bannana change. Maybe the monkeys are eating more of them?
That could be. Less bannana's left over for us and the price could go up.
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