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Commodities (Economy) 

Recent discussions about Commodities (Economy) at the Godlike Productions forum.

In economics, a commodity is the generic term for any marketable item produced to satisfy wants or needs. Economic commodities comprise goods and services.The more specific meaning of the term commodity is applied to goods only. It is used to describe a class of goods for which there is demand, but which is supplied without qualitative differentiation across a market. A commodity has full or partial fungibility; that is, the market treats it as equivalent or nearly so no matter who produces it. "From the taste of wheat it is not possible to tell who produced it, a Russian serf, a French peasant or an English capitalist." Petroleum and copper are examples of such commodities. The price of copper is universal, and fluctuates daily based on global supply and demand. Items such as stereo systems, on the other hand, have many aspects of product differentiation, such as the brand, the user interface, the perceived quality etc. And, the more valuable a stereo is perceived to be, the more it will cost.

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OIL CRASH UPDATE: DRILLING RIG RATES HAVE FALLEN AS MUCH AS 50%: CHEVRON CEO!!! $43.58 LOW!!! Brent $45.17 LOW!!!
Page 1, 2, 3, 4, 5, 6, 7, ..., 184, 185, 186, 187, 188, 189, 190, 191
Luisport5,704222,159
(133)
12/10/14
6:44 AM
02/01/15
7:06 PM
Any interest here in GLP COFFEE MUGS?
Page 1, 2, 3, 4, 5, 6, 7, 8
Bodiless2243,845
(37)
01/30/15
7:30 PM
02/01/15
6:26 PM
OilMageddon - 64% Of U.S. Oil Production Could Halt Today - Stock Up Now
Page 1, 2, 3, 4, 5, 6, 7
Aborted Soul2027,391
(24)
02/01/15
10:00 AM
02/01/15
6:17 PM
What happened with the oil plume?idiot-savant9179
(1)
01/30/15
8:38 PM
02/01/15
4:07 PM
Just Dumped All My Silver - F ck Silver
Page 1, 2, 3
Anonymous Coward621,772
(17)
01/29/15
11:43 AM
02/01/15
12:24 PM
Oil Thread" for those that want to talk about what's REALLY going on with Oil..!OilMan18543
(3)
01/31/15
12:04 PM
02/01/15
10:05 AM
Anyone out there know about gas heaters?Anonymous Coward7163N/A01/31/15
5:10 PM
01/31/15
9:27 PM
SILVER and GOLD prediction thread. I will not have to apologize for this one.
Page 1, 2, 3, 4, 5, 6, 7, 8, 9
gojo34525315,365
(33)
11/30/14
3:18 AM
01/31/15
8:55 PM
Holocaust survivor tells of how she survived the gas chambers.
Page 1, 2, 3
Anonymous Coward722,588
(15)
01/28/15
4:09 PM
01/31/15
8:45 PM
Dying trees since the Oil spill in Pensacolaleftie1116N/A01/31/15
6:30 PM
01/31/15
7:32 PM
OPEC Sees Oil Prices Exploding to $200 a BarrelUncle Fuck Stick5232
(2)
01/31/15
6:07 PM
01/31/15
6:23 PM
How The Deflationary Collapse Of Oil Will Pop The Bond Bubble...
Page 1, 2, 3, 4, 5
Saddletramp1389,186
(32)
11/30/14
6:58 PM
01/31/15
6:22 PM
Silver Coins now down to $18.32/oz! Buy them up?Anonymous Coward8331
(2)
01/31/15
8:39 AM
01/31/15
3:50 PM
What we discussed yesterday in economics. Gas will soon be $6-$8/galBlue Tiger 1329554
(8)
01/31/15
12:35 PM
01/31/15
1:49 PM
Greeks Turn to Gold on Bank Bail-in and Drachma Risksdanes10115N/A01/31/15
12:30 PM
01/31/15
12:30 PM
Islamic State seizes oil facility in north Iraq, 15 workers missingArmy-of-Souls3193
(2)
01/31/15
4:43 AM
01/31/15
10:53 AM
BRAINSTORM SESSION - Silvertards - $1000/oz silver-backed currency - who's in??LizardQueen25623
(5)
01/31/14
7:05 PM
01/31/15
9:57 AM
Interesting Nathan Rothschild quote: "I know of only two men who really understand the value of gold..."Anonymous Coward7679
(1)
11/04/14
10:12 AM
01/30/15
11:59 PM
Gas Blast at Mexico City Children's Hospital, Dozens HurtAnonymous Coward263
(1)
01/29/15
12:45 PM
01/30/15
10:02 PM
Monoatomic gold, white powder gold, ormes, ormusAnonymous Coward6192N/A01/30/15
8:21 PM
01/30/15
8:46 PM
Oil skyrocketing! Up almost $4/bbl!EVERYTHING BURNS!12413
(6)
01/30/15
4:43 PM
01/30/15
8:04 PM
Im so happy gas i now very cheapAnonymous Coward280
(1)
01/30/15
4:13 PM
01/30/15
4:56 PM
One hell of a short squeeze going on with oil right now.JLK3545193
(1)
01/30/15
2:37 PM
01/30/15
4:20 PM
IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Punk-A$$ets96231,809
(20)
05/27/14
5:58 PM
01/30/15
4:15 PM
You Know the Financial System is a Cancer when ..oil up 8% on no news.Anonymous Coward13236
(2)
01/30/15
2:29 PM
01/30/15
3:32 PM
oil comes off of the bottom bitches!?!?48$$$$$$1111N/A01/30/15
3:04 PM
01/30/15
3:08 PM
So It Begins: Oil Giant Chevron Suspends Stock Buyback Citing "Cash Flow Squeeze"...Saddletramp5272
(2)
01/30/15
12:07 PM
01/30/15
1:12 PM
Shemitah SCHMITAH!! Is this a SUPER SHEMITAH? What happened in 1965??? SILVER-TARDS... check it out!!Castro Hik13514
(1)
01/29/15
9:59 PM
01/30/15
1:11 PM
I'm sitting here cackling & fingering a small gold bar like Gollum obsessing over the one ring.Anonymous Coward7146
(1)
01/30/15
11:41 AM
01/30/15
11:48 AM
Sell Gold and stocks to wipe out billionairesAnonymous Coward4157
(3)
01/29/15
12:37 PM
01/30/15
11:41 AM
oil drops more
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Anonymous Coward1314,085
(4)
01/28/15
2:22 PM
01/30/15
11:28 AM
Silver was slammed down today by insider banking cabal manipulators who had inside info regarding margin hikes of 11%Anonymous Coward20506
(8)
01/29/15
6:44 PM
01/30/15
6:45 AM
1 kg of plastic makes 1 litre of oil - please pin this - get this to the massesAnonymous Coward9334N/A01/30/15
5:42 AM
01/30/15
6:22 AM
Protesters throw rocks, police respond with water cannons & tear gas #Pristina #KosovoAnonymous Coward9235
(1)
01/27/15
8:54 AM
01/30/15
3:15 AM
Holocaust Survivor Testifies That Jews (like him) Ran The Gas Chambers
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Anonymous Coward1222,580
(12)
01/27/15
3:48 PM
01/30/15
2:29 AM
Brazen Thieves Ram SF Wells Fargo History Museum & Steal GoldDeafening Silence7174N/A01/30/15
12:02 AM
01/30/15
12:54 AM
Gas & Diesel Fuel prices went up 11¢ overnight in my small town.Mr Potato Head4136N/A01/29/15
7:05 PM
01/29/15
11:28 PM
US$ is going up up up, but gold and silver have now flat lined?!Anonymous Coward11235
(1)
01/29/15
9:52 PM
01/29/15
10:48 PM
Gas truck explodes outside children's hospital in Mexico!!!
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Mr. NorM711,898
(17)
01/29/15
10:03 AM
01/29/15
8:20 PM
69% of all store-bought extra virgin olive oil in the US is fakeAnonymous Coward23501
(3)
01/29/15
5:49 PM
01/29/15
6:50 PM
George Bush used to use cattle prodders on children.Anonymous Coward4156
(1)
01/29/15
6:05 PM
01/29/15
6:32 PM
Silver down over $1. Why?Machine426213
(1)
01/29/15
12:57 PM
01/29/15
3:03 PM
WTF !! SILVER IN A MELTDOWN ..AGAIN !!Anonymous Coward29916
(3)
01/29/15
9:39 AM
01/29/15
2:15 PM
OPEC’s secretary-general says oil prices may rise to US$200 a barrel...OilMan8301
(6)
01/29/15
10:04 AM
01/29/15
1:34 PM
Silver tards we ride! - Danish Central Bank cuts interest rates.KIT1148
(1)
01/29/15
12:30 PM
01/29/15
1:05 PM
Gas blast at Mexico City children’s hospital leaves 2 dead, dozens injuredssle051
(1)
01/29/15
10:19 AM
01/29/15
10:19 AM
Wanna read some crazy shit? -- BRICS, 9/11, Arab Spring, Gold, Fukushima, WWIII, etc.
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ScoutsOUT24526,287
(83)
08/07/14
9:51 AM
01/29/15
2:36 AM
Future Currency and GOLD. And hell followed afterAnonymous Coward5181N/A01/28/15
10:52 PM
01/29/15
12:09 AM
Farming Supervisor WORKED IN AUSCHWITZ says GAS CHAMBERS are a LIE
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Anonymous Coward1453,865
(53)
01/18/15
11:11 PM
01/28/15
7:17 PM
To all the SUCKERS who bought the bronze or silver Obama insurance
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Booger Cancer702,998
(7)
01/27/15
4:24 PM
01/28/15
6:23 PM
Glp alert! one of the locals is reporting it found gold at tullsbaymarina on facebookZakk3198N/A01/27/15
8:24 PM
01/28/15
6:04 PM
THE REAL QUESTION..MASONS FOR GOLD OR MASONS FOR BONDS ??Anonymous Coward293N/A01/28/15
4:41 PM
01/28/15
5:21 PM
GAS PRICES BOTTOMEDAnonymous Coward6205
(4)
01/28/15
1:39 PM
01/28/15
4:54 PM
Do I ever have a thread for you today... The Theraputic Copper Thread ... well , Theraputic Copper Yarn ... Copper clothingAnonymous Coward7215N/A01/28/15
2:34 PM
01/28/15
4:23 PM
Is The Gold REALLY There???Uncle Fuck Stick20438
(3)
01/27/15
11:28 PM
01/28/15
2:37 PM
OPEC Chief Says Oil Price Has Hit The BottomOilMan28891
(9)
01/21/15
6:19 PM
01/28/15
1:52 PM
Lower gas prices today, makes way for US oil exports tomorrow!Anonymous Coward5225
(1)
12/11/14
8:48 PM
01/28/15
1:37 PM
Government Building Evacuated in West Palm Beach, Fl - Suspicious White Powder UPDATE: Corn Starch!1sSol1d1ntel11301N/A01/28/15
11:52 AM
01/28/15
12:56 PM
Anyone have monkey shit coffee beforeAnonymous Coward10153N/A01/28/15
12:27 PM
01/28/15
12:47 PM
HISTORY CHANNEL'S DECODED TV SHOW : "THERE IS NOT GOLD AT ALL AT FORT KNOX "Anonymous Coward151,604N/A10/12/11
11:43 PM
01/28/15
11:56 AM
I keep having dreams of me being AT a Gas Station and I saw the price of gas around $1.30 a gallon and few moments afterAnonymous Coward13569
(2)
01/25/15
5:09 PM
01/28/15
2:02 AM
Told you Obama is an Oil Man: Opens Eastern Seaboard for Drillingcentrist77184N/A01/27/15
10:19 PM
01/27/15
10:21 PM
What Obama said in 2012 Debates about Gas PricesNo World Order12360
(2)
01/27/15
5:59 PM
01/27/15
9:19 PM
CRUDE OIL IS FRESH VELOCIRAPTOR POOP - We are here to burn their waste
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Anonymous Coward682,209
(15)
06/20/09
8:01 PM
01/27/15
5:07 PM
Petrogold: Are Russia And China Hoarding Gold Because They Plan To Kill The Petrodollar?Anonymous Coward5159
(4)
01/27/15
1:20 PM
01/27/15
3:48 PM
I drive a JEEP WRANGLER & I freaking LOVE THE GAS PRICES! $1.76! Although...Anonymous Coward5126N/A01/27/15
11:03 AM
01/27/15
11:57 AM
REVEALED: Russian oil company tied to U.S. 'green' effort...Uncle Fuck Stick056N/A01/27/15
11:55 AM
01/27/15
11:55 AM
You can buy 482 gallons of gas for $1 in VenezuelaAnonymous Coward5318N/A01/27/15
8:37 AM
01/27/15
11:08 AM
Alaska Gov Bill Walker to RT: Oil price drop hitting budget hard - Creates a 3.5 BILLION Dollar deficitChugiakian284
(1)
01/27/15
10:15 AM
01/27/15
10:31 AM
Currency Wars – Russia and Netherlands Central Banks Buy 30.34 Tonnes Gold- DNB Quickly Denies!Uncle Fuck Stick0133N/A01/27/15
9:31 AM
01/27/15
9:31 AM
Thx coconut oil tardKorats012250
(2)
01/26/15
1:57 PM
01/27/15
1:50 AM
Why do people stupidly believe that cannabis oil cures cancer?Anonymous Coward27536
(5)
01/26/15
7:27 PM
01/26/15
10:39 PM
Please, last coffee brainstorm, i wish to forget, complex perspectivesthe brother who drove past3142N/A01/26/15
8:41 PM
01/26/15
9:21 PM
Silver Bell in Sky Today.TheEqualizer2154
(1)
01/26/15
8:27 PM
01/26/15
8:42 PM
N.Y. State Assembly Speaker Silver to temporarily relinquish duties: NYTRABBI SCHLOMO MAKEABUCKOWITZ399N/A01/26/15
8:32 PM
01/26/15
8:39 PM
Dr. Henry Kissinger...on the Board of The China National Offshore Oil Corporation Ltd.,Paladin19220
(1)
07/05/05
7:25 PM
01/26/15
4:19 PM
Whiplash! Why over the course of 2014 the prices for crude oil have tumbled from over $125 per barrel to around $45 per barrel now?DIMITRY ORLOV075
(1)
01/26/15
4:02 PM
01/26/15
4:02 PM
A gallon of gasoline in Venezuela now costs less than a pennyTriggerFish12345
(3)
01/26/15
11:38 AM
01/26/15
3:56 PM
Obama Films Anit-Oil drilling video FROM HIS BIG Air Plane???DNA 1111064N/A01/26/15
11:21 AM
01/26/15
11:21 AM
Silver and Gold getting whacked down hard on no news,Anonymous Coward1152N/A01/26/15
10:37 AM
01/26/15
11:03 AM
Stupid Snow Sheeples, people are panicking in Long Island for gas, bread and milk...The Distraction1116
(1)
01/26/15
10:20 AM
01/26/15
10:46 AM
Drinking Hot Fresh Brewed Coffee & Eating Cheese Danish - Ask MeCoffee Drinker054N/A01/26/15
10:36 AM
01/26/15
10:36 AM
Goldman: It's The Central Banks' Fault We Can't Be More Bearish On GoldBrian Moran's Uncle192N/A01/26/15
10:08 AM
01/26/15
10:16 AM
Dr. Paul Craig Roberts-A Real Collapse in the Dollar, Gold Could Be $30,000 an OunceTriggerFish12516
(3)
01/23/15
11:58 AM
01/26/15
9:23 AM
BUY UCO THIS WEEK, oil will bottom.Anonymous Coward7262
(2)
01/25/15
11:00 PM
01/26/15
7:50 AM
GTR:Fat Nude Woman Trashes Gas Station!!!!Hawk-024239
(1)
01/26/15
6:58 AM
01/26/15
7:11 AM
Pipeline leak spilled thousands of gallons of crude oil into Yellowstone RiverArmy-of-Souls079
(2)
01/26/15
2:02 AM
01/26/15
2:02 AM
WTF !! Insects have incestuous sex in your coffee before you drink it !!Anonymous Coward3151N/A01/26/15
12:59 AM
01/26/15
1:12 AM
Low oil prices turning the US into another Russia!Halcyon Daze13365
(5)
01/24/15
2:56 PM
01/26/15
12:52 AM
Dad faces jail for giving dying daughter cannabis oil which relieved her symptoms
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danes1723,385
(39)
01/19/15
4:59 AM
01/25/15
9:40 PM

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