CORRECTED-UPDATE 8-Oil rises after Saudi Arabia cuts output

Comments (4)
HDSS wrote:

Sorry subjectiveness is not a key to real data when in the US, there is glut of oil based on overhyped pricing methods. What ever happen to the supply and demand model? This is same catchy method of subjective pricing is no different than what DeBeers now use in the Diamond Market. They pretty much shot their own foot in this process of switching to this type of price gauging method. Now it is a process of balances the oil corporate has to play out with output from both wells and distillery to ensure this glut does not happen.

Jan 10, 2013 9:11am EST  --  Report as abuse
HDSS wrote:

Sorry subjectiveness is not a key to real data when in the US, there is glut of oil based on overhyped pricing methods. What ever happen to the supply and demand model? This is same catchy method of subjective pricing is no different than what DeBeers now use in the Diamond Market. They pretty much shot their own foot in this process of switching to this type of price gauging method. Now it is a process of balances the oil corporate has to play out with output from both wells and distillery to ensure this glut does not happen.

Jan 10, 2013 9:11am EST  --  Report as abuse
HDSS wrote:

Sorry subjectiveness is not a key to real data when in the US, there is glut of oil based on overhyped pricing methods. What ever happen to the supply and demand model? This is same catchy method of subjective pricing is no different than what DeBeers now use in the Diamond Market. They pretty much shot their own foot in this process of switching to this type of price gauging method. Now it is a process of balances the oil corporate has to play out with output from both wells and distillery to ensure this glut does not happen.

Jan 10, 2013 9:11am EST  --  Report as abuse
HDSS wrote:

Sorry subjectiveness is not a key to real data when in the US, there is glut of oil based on overhyped pricing methods. What ever happen to the supply and demand model? This is same catchy method of subjective pricing is no different than what DeBeers now use in the Diamond Market. They pretty much shot their own foot in this process of switching to this type of price gauging method. Now it is a process of balances the oil corporate has to play out with output from both wells and distillery to ensure this glut does not happen.

Jan 10, 2013 9:11am EST  --  Report as abuse
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