TwinTurbo.NET: Nissan 300ZX forum - Thats because there is no one at the oil company
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Subject Thats because there is no one at the oil company
     
Posted by pallen on January 31, 2006 at 8:30 AM
  This message has been viewed 29 times.
     
In Reply To last I checked, the price of gas jumped up way before posted by rufflez on January 31, 2006 at 07:05 AM
     
Message who's job it is to set the price.

The investors drive the price up and down by speculating. When the hurricane was heading in, investors specualted that there would be supply problems and the price responded immediately. Its the same if you sell wheat or coffee or any other traded commodity.

If you want to blame someone blame the investors who are playing the market. The only way oil execs can influence price is by trying to scare investors or attempting to influence what investors think will happen in the market.


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