06 October 2005

Capitalism vs. Oil

Check it out, folks. Oil is below sixty bucks a barrel, at least for the time being. See? Demand exceeds supply, price increases, price exceeds demand, demand decreases, demand and supply balance out. Allow people to adjust to the market, and prices will adjust accordingly.

That's why you can get a cup of coffee for $8.95, and an autographed picture of Sandra Bernhard for three nickels and a used tea bag.

UPDATE: And behold! High fuel prices boost bicycle sales! Oooh, that pesky capitalism! Who could have foreseen this?

I could, and did, foresee this. And in fact, I forked over $8.50 of my hard earned money the other day on a new inner tube for my bike, which I haven't used much since high school. On occasion, I plan on using it. Go capitalism, go!

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