i hate rich pricks
i really hate rich pricks... not rich people, but rich pricks. maybe i kinda do hate rich people who are way overpaid for what they do, for example: david beckham (it's a game); A-Rod (it's a game); etc., but it's the rich pricks who inspired this post. it hearkens back to latrell sprewell's comment in 2004, when he was estimated to make $14.7 MILLION that year, of "Why would I want to help them win a title? They're not doing anything for me. I'm at risk. I have a lot of risk here. I got my family to feed." holy shiteballs batman, you're an asshole. still, what inspired this post is a headline on my google toolbar that just came up... "energy chiefs say oil price must rise to ensure supply".
WTF?! i didn't take microeconomics in college like most of the people in my major, but i do recall the very simple concept of "supply and demand". supply is high, price goes down, supply is low, price goes up. on the obverse, if the price is low, the demand goes UP, and if the price is high, the demand goes DOWN. please, correct me if i'm wrong. at the DAVOS economic summit or what-the-fukk-ever it is going on, the chiefs are saying the price must go up. i don't get this. then i see OPEC's comment... "Even with $50, we cannot have a decent income for our members." SERIOUSLY?! 6 months ago, it was 3 times that, and they were swimming in their money like scrooge mcduck in his money vault. the oil companies were making record profits and they are the middleman; think what the producers were pocketing! i can't believe they have the balls to say that. that's the only damn income they have. they MIGHT have a bit of tourism, but seriously, why the fukk would you want to go to a desert in the middle of nowhere on holiday except that it is where the money is? it's the cool place to go. they need us more than we need them. FUKK!!! i haven't even really paid for gas in 2 years due to being overseas all the time for work, and I'M pissed off at the arrogance of that statements. i HATE rich pricks!
WTF?! i didn't take microeconomics in college like most of the people in my major, but i do recall the very simple concept of "supply and demand". supply is high, price goes down, supply is low, price goes up. on the obverse, if the price is low, the demand goes UP, and if the price is high, the demand goes DOWN. please, correct me if i'm wrong. at the DAVOS economic summit or what-the-fukk-ever it is going on, the chiefs are saying the price must go up. i don't get this. then i see OPEC's comment... "Even with $50, we cannot have a decent income for our members." SERIOUSLY?! 6 months ago, it was 3 times that, and they were swimming in their money like scrooge mcduck in his money vault. the oil companies were making record profits and they are the middleman; think what the producers were pocketing! i can't believe they have the balls to say that. that's the only damn income they have. they MIGHT have a bit of tourism, but seriously, why the fukk would you want to go to a desert in the middle of nowhere on holiday except that it is where the money is? it's the cool place to go. they need us more than we need them. FUKK!!! i haven't even really paid for gas in 2 years due to being overseas all the time for work, and I'M pissed off at the arrogance of that statements. i HATE rich pricks!
Labels: culture, international, news, politics
posted by slyght at 1/29/2009 10:41:00 AM
5 Comments:
Whoa!!! Watch your blood pressure there. But you are right in your assessment. Pricking, filthy rich OPEC assholes. Greed is a factor in this global meltdown - to begin with.
The problem with supply and demand in the oil sector is that when a product becomes commoditized (i.e. all alternatives are equal and are neither better nor worse) then the profit margins do not necessarily increase with economies of scale. The best way to combat that is through a cooperative agreement with competitors - like a cartel - like OPEC. This way, they can produce less collectively, with less labor, force demand on the lower supply level and then earn more money with less effort. In this way, there is no incentive to increase demand - as long as all members cooperate. Once cooperation breaks down (like with the Saudis) then oil moves back to a pure commodity making it very difficult to earn any product regardless of the demand.
Hope this helps.
Last line should say, "earn any profit, regardless of the demand."
~Sorry, I was thinking about chicks.
Plus, Exxon announced yesterday (1/30) that it made record profits last quarter - beating its own record. And that's when oil prices were low!
Best way to screw them is to avoid gas guzzling vehicles and invest in alternative fuel sources, until then they've got us by the balls.
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