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Old 02-26-2008, 09:59 AM
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Default Re: On Hoarding Commodities to Corner the Market and Raise prices artificially

Quote:
Originally Posted by Salahadeen View Post
lol

That would be a different situation I believe, but not sure.

I won't speak about why I think so, since I'm not sure...
If you look into it, you'll find that OPEC does exactly this:

"...commercial goods are withheld from sale at any time or place in order to cause the price of those goods to rise unnaturally above the normal market price."

It behaves very close to cartel, and not just when in protest to Israel or the US.
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