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06-24-2008, 06:58 PM
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#1 |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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If you don't think oil speculation is having an effect
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06-24-2008, 09:56 PM
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#2 | |
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Senior Member
Join Date: Jul 2006
Location: South Jordan
Posts: 1,725
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Quote:
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06-24-2008, 10:13 PM
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#3 | |
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Demiurge
Join Date: Aug 2005
Posts: 36,365
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Quote:
You don't think the price of oil is affecting people at the bottom of the food chain? |
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06-24-2008, 10:33 PM
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#4 |
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Senior Member
Join Date: Jul 2007
Location: North Central God's Country
Posts: 1,534
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Seems like a better life for the lad, regardless of the cause. His parents sure didn't seem able to get him an education.
__________________
I see a hobo. And when I see the hobo, I think to myself, "This man is poor. His monetary value is low, and my monetary value is high, and it's a shame that he is himself. What can I do?" |
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06-24-2008, 10:43 PM
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#5 | |
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Senior Member
Join Date: Jul 2006
Location: South Jordan
Posts: 1,725
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Quote:
To the latter - yes Both of these answers have qualifications: While speculation is having some effect on oil price, it is not the sole factor nor is it the dominant factor. There are more significant factors in the upward trend of oil prices over the course of several years than speculation. I would consider speculation a minor factor in that upward trend. While the price of oil does affect people at the bottom of the food chain, so do many other factors. Your specific example of the Indonesian family might not be so great of an example in that oil is one of Indonesia's major exports. Thus, I might look to other factors like, say, corruption in local and national government, or perhaps population density compared to arable land, as having a bigger effect on the underlying causes of poverty in Indonesia. |
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