How come the slightest "anything" sends prices at the pump up instantly

[BR_Parkway]

and yet we're not really seeing an increase over an actual disaster within the oil industry that should have effected the level of supply?

Do they realize how pissed off some folks are over the spill and not want to add fuel to that fire? If so, they're more public relations savvy than the banksters were over their bonuses for certain.

[liberal N proud]

1. Prices not linked to supply and demand?

As most commodities are.

[Raineyb]

9. It was an exploratory well. It had nothing to do with supply.

This is just corporations jacking up the prices because they can.

[FBaggins]

2. An "actual disaster" doesn't have to impact prices.

One well just isn't that large a contribution to supply.

Moreover, if I understand the story correctly, the rig was just being completed, so there wouldn't even be a decline in production since it hadn't produced much in the first place.

[gravity]

3. Because it only affects one oil well

There are thousands of oil wells out there and the amount of oil a single well brings into the market is insignificant.

[Lost4words]

4. Its called corporate profit opportunity, they can so they do. nt

nt

[Codeine]

5. That wasn't an actual producing well.

Didn't impact supply.

[Greyhound]

6. Because a tiny cartel controls the world market. America's own Crony-Predatory Capitalism.

And they don't care how mad we are, we can't do one thing about it.
:kick: & R

[Divine Discontent]

7. except get electric transportation as soon as possible. eom

[Statistical]

8. How would this affect supply?

The spill was from a non-production oil rig. If the spill hadn't happened that oil wouldn't be on the market anyways.
At the time of the accident BP was preparing to cap the well and move on to new drilling location.

[safeinOhio]

10. gas prices are not base on

supply and demand. They are based on what the market will bear. Why capitalism is a lie.