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Would people please quit predicting a cap on gas prices?

Discussion in 'Sports and News' started by BYH, May 5, 2008.

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  1. bigpern23

    bigpern23 Well-Known Member

    I always feel like analysts predicting, say, $4.00 a gallon for the summer, are just helping the oil companies prepare the public. It's like after they say that and people bitch and moan for a few weeks, the oil companies say, "Well, they're ready for it now," and then jack up the prices.

    A self-fulfilling prophecy, if you will.
     
    bigpern23, May 6, 2008
    #25
  2. andyouare?

    andyouare? Guest

    In a sign of how economics stupid I am, I never understood the end of either movie.

    In Trading Places, they bought a lot of OJ to drive the price up. Then, when it was revealed that OJ prices were going to be low because of high supply, the prices went down and everyone was selling like crazy. Then, Eddie Murphy and Dan Aykroyd bought all the OJ?

    I don't get it. How did that bankrupt the Dukes?
     
    andyouare?, May 6, 2008
    #26
  3. JBHawkEye

    JBHawkEye Well-Known Member

    Go to Wikipedia to the "Trading Places" page. There's an explanation of how they did it on there.
     
    JBHawkEye, May 6, 2008
    #27
  4. dixiehack

    dixiehack Well-Known Member

     
    dixiehack, May 6, 2008
    #28
  5. PeteyPirate

    PeteyPirate Guest

    [​IMG]

    This guy says he'll take that bet.
     
    PeteyPirate, May 6, 2008
    #29
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