Quote Originally Posted by maladroit
"Yes it does.. Currently there is an overwhelming supply of oil with very few buyers since just about everyone in the world has cut back on their oil consumption. This is why Oil has plummeted to in the $60 range."

- the price of oil is less than half it was five months ago, but the world is not consuming 50% less oil...prior to that, the price of oil increased by 600% since the invasion of iraq but the world wasn't consuming six times as much oil...supply and demand are not driving the price of oil as much as speculation
Really? Because I could've sworn that the trending was directly inline with china and india both consuming less oil in combination with the US. The price of oil has come down because of less demand. Speculation raises prices; not lower it.


"Demand doesn't just make itself.. and demand doesn't come out of people who are unemployed or if companies are not hiring new employees/giving out pay raises....If hiring comes to a halt.. there is not going to be demand, making the borrowing moot all together because without demand then there is no need to hire."

- demand is usually stable if employment levels are stable...if hiring comes to a halt, demand will be relatively constant
This makes no sense.. If hiring comes to a halt demand will drop off. People begin spending less during times of economic slow down or a poor job market.

"Raising taxes is just like asking for a way to further slow the economy."

- raising the national debt is just like asking for a way to further slow the economy too...that has to be dealt with SOON
I've already explained how lowering taxes would achieve the same if not better results.

"Supply dictates the cost of a product while demand drives the need for supply. "

- you got the theory half right:
Economics Basics: Demand and Supply
From the same link you provided:

Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.

What this means is that if a producer has a demand for 200 sodas at 99 cents a pop but wants to sell it at 1.25 then he would reduce supply to reflect the price at which he wants to sell it. The higher demand is over supply then the higher the price.


"you do realize that several times through our discussion you've indirectly agreed with me."

- sure i agree with you sometimes...i'm not a total asshole! there's lots of smart folks here and i've been set straight a few times...it's all good
uhh, well first off The times you agreed with me you were trying to prove me wrong and were arguing your point with me. During your argument you mentioned several things that were basically exactly what i was saying. P4B pointed out two of them. So you were not agreeing with me because you agreed with me; you agreed with me in the process of presenting your argument without even realizing it. That was the point I was trying to make.. Even when you tried to tell me I was half right above.. I was able to take the same link provided.. post the first paragraph and use your own information to affirm my beliefs and make my case stronger.

I don't understand what point it is you're trying to make when you just keep overlapping what I've been saying.