@MikDonsen That did happen...but people like HIrsch that the price of oil went down dramatically not because the supply increased dramatically, but because the demand for it was destroyed by the economic meltdown. Many people lost their jobs, wealth, etc., and thus needed far less oil to drive to work, etc. People like Hirsch would argue that the price of oil will increase dramatically if/when the economy recovers, and we'll be in the exact same situation.
who knew we'd have a economic meltdown and oil would drop to 40 bucks a barrel
MikDonsen 1 year ago
@MikDonsen That did happen...but people like HIrsch that the price of oil went down dramatically not because the supply increased dramatically, but because the demand for it was destroyed by the economic meltdown. Many people lost their jobs, wealth, etc., and thus needed far less oil to drive to work, etc. People like Hirsch would argue that the price of oil will increase dramatically if/when the economy recovers, and we'll be in the exact same situation.
Tribute2the80s 1 year ago
funny, she says OPEC visited, i can remember another time when they visited ..(remember the 70's??)
babapoopoo 2 years ago
The woman in the check shirt is the dumbest woman I ever seen on tv.
valhala56 3 years ago