Saturday, August 11, 2007
Weird: Supply and Demand's Limited Impact
Prices are going up for some commodities when the supply goes down and demand remains the same or goes up:
    The wholesale price of cocaine has surged since December because of a shortage of the drug in 37 U.S. cities, including Milwaukee, according to a recent announcement by the White House Office of National Drug Control Policy.
Isn't it stunning that this happens to drugs but not to petroleum, where price increases are always the result of mere greed on the part of the oil companies?

To say Noggle, one first must be able to say the "Nah."