WestCanMan Posted March 5 Report Posted March 5 Supply and Demand So simple. So basic. Yet so hard for leftists to understand. If something is a necessity, or extremely popular, it has value. The rarity of said item from above also has a great effect on its value. For example, water is a necessity because we will all die if we don't drink it, but it's all over the planet and it even falls from the sky, so it's inexpensive. No one needs diamonds but there aren't a lot of them, and people like them, so they have an incredible amount of value. Why is this important now? Oil. About 20% of the world's oil/gas/LNG goes through the Strait of Hormuz, and nothing is moving there now. There's uncertainty about when it will start flowing freely again, and also about how much Iran's production will go down due to this war. Oil/gas/LNG are global necessities, and now there is an impending scarcity issue. Countries that sell those things are happy, countries that have to buy them are sad. Our dollar's strength is being given a huge boost right now because our nation's main export commodities are suddenly worth more money. Not because of anything that Carney said or did. How the LPoC Screwed Canada: If the LPoC hadn't squashed our fossil fuel economy, we would be doing far better right now. Not just because of the recent global supply issue, but also because we would be in a better position to deal with US trade aggression right now if we had more pipelines, production and refinement capability. There are leftist liars trying to pretend that a memo from Carney caused our dollar to go up lol. Nothing could be further from the truth. No one on earth ever bets on things from Carney's mouth being true. 1 Quote If the Cultist Narrative Network/Cultist Broadcasting Corporation gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed. "I don't hate American's, I pointed out the literacy rate to Uncle Sam." - LinkSoul "It's just a parable about rocks and trees talking to muslims to help them kill Jews who are trying to hide. It's open to interpretation." - robobigot
herbie Posted March 5 Report Posted March 5 Supply and Demand, and How Capitalism Screwed Canada Not the Liberal Party, the whole system works on Supply * Demand. In case you never noticed. 1 Quote
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