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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.

Source: Wikipedia

 ThreadPosterRepliesViewsRatingPostedUpdated
Has anyone else come to the conclusion the Oil price definitely signals ww3?KevinBowright2413
(2)
12/16/14
8:25 PM
12/16/14
8:55 PM
Drop oil too 0, carsh FRN, dismantle CORP set up Kingdom of AmericaMeth Addict1220N/A12/16/14
6:54 PM
12/16/14
7:23 PM
Effective 12/22/2014 If Gold Price Moves $100 and Silver Price Moves of $3 - Trading to be Halted for 5 minutes
Page 1, 2
Chugiakian442,880
(15)
12/14/14
5:18 PM
12/16/14
5:29 PM
Junk-bond worries spread beyond oil
Page 1, 2
waht392,836
(9)
12/16/14
5:30 AM
12/16/14
2:53 PM
Anyone good With Gas Combi Boilers ?Anderson_G26558N/A12/16/14
10:05 AM
12/16/14
2:53 PM
Rockefeller family, which made its vast fortune from oil, are to sell investments in fossil fuels and reinvest in clean energy
Page 1, 2
Nexus News391,197
(6)
09/22/14
12:37 PM
12/16/14
12:22 PM
GIRL BURNED ALIVE! Gas station surveillance video captures Jessica Chambers' last hoursAhava3991
(1)
12/09/14
10:43 PM
12/16/14
10:18 AM
Gasoline from gas at $1 gallonAnonymous Coward10346
(1)
12/16/14
8:55 AM
12/16/14
9:15 AM
oil still droppingTheBuzz15363
(1)
12/16/14
7:09 AM
12/16/14
9:09 AM
What if oil price dropped to $0 next week?Anonymous Coward12362
(1)
12/15/14
11:40 PM
12/16/14
9:08 AM
Saudi Arabia, China, and yes Russia engineered the collapsing oil prices.
Page 1, 2, 3, 4, 5, 6
GodFrequency16910,691
(61)
12/15/14
1:47 AM
12/16/14
7:54 AM
The "Oil Council" controls the energy sectorAnonymous Coward1162N/A12/16/14
7:27 AM
12/16/14
7:29 AM
IRAN Admits US is the target of Saudi Oil Price war but their are others.Anonymous Coward0267
(1)
12/16/14
4:11 AM
12/16/14
4:11 AM
Crude Crash Set To Continue After Arab Emirates Hint $40 Oil Coming Next!SpaceCommand1263
(1)
12/15/14
8:53 PM
12/15/14
11:46 PM
Russia and China stockpiling Gold, EU countries want their physical Gold WHY?Anonymous Coward2257
(3)
12/15/14
10:34 PM
12/15/14
11:09 PM
So How Will People Feel If A Republican Gets In Next Time And Gas Prices Skyrocket?Anonymous Coward13240
(5)
12/15/14
9:41 PM
12/15/14
10:47 PM
Anyone making money on the oil slideAnonymous Coward0114N/A12/15/14
10:21 PM
12/15/14
10:21 PM
10 Reasons why a severe drop in Oil is bad
Page 1, 2, 3, 4
Halcyon Daze1036,799
(19)
12/12/14
3:14 PM
12/15/14
9:54 PM
Oil-rich Russia makes rouble convertible: The dollar is out as Russia's economic power growsAnonymous Coward6593
(3)
06/30/06
8:59 AM
12/15/14
8:26 PM
Oil prices have dropped...So why has food not dropped?Anonymous Coward161,230
(3)
12/15/14
4:29 AM
12/15/14
5:28 PM
Saudi Arabia’s oil war against Iran and Russia
Page 1, 2, 3
Anonymous Coward682,345
(7)
12/14/14
11:08 AM
12/15/14
4:12 PM
Can summarize what the positive and negative ramifications are of the oil carsh?Anonymous Coward1153N/A12/15/14
3:43 PM
12/15/14
3:54 PM
Markets diving. Oil down. Gold down!!
Page 1, 2
Anonymous Coward331,143
(5)
12/15/14
11:53 AM
12/15/14
3:40 PM
What if oil is carshing due to the ability to make oil from seawater and air now?Anonymous Coward6301
(3)
12/15/14
10:36 AM
12/15/14
2:45 PM
Harry dent: deflation of the US dollar ....China & Russia are stupid for buying gold...US Dollar Is the safe haven
Page 1, 2
Uncle Fuck Stick371,085
(4)
12/15/14
9:05 AM
12/15/14
12:53 PM
The Gold Fever In Europe: Germany, Netherlands, France, Belgium - Now Austria Considers Repatriating Its Gold.Uncle Fuck Stick5439N/A12/15/14
8:11 AM
12/15/14
11:45 AM
This cheap gas is awesome, i hope oil keeps falling and falling til its back to a dollar a gallon WHERE IT SHOULD BE and should have been
Page 1, 2, 3
Anonymous Coward613,287
(8)
12/15/14
1:25 AM
12/15/14
11:22 AM
First the Dutch, and now Belgium appears to be next in central bank gold runUncle Fuck Stick7716
(3)
12/05/14
9:49 PM
12/15/14
11:16 AM
Putin Says Russia Preparing For 'CATOSTROPHIC' Oil Slump
Page 1, 2, 3, 4
Uncle Fuck Stick1197,971
(16)
11/14/14
10:16 AM
12/15/14
4:16 AM
Coffee Shop terroristhmmmm0250N/A12/15/14
3:07 AM
12/15/14
3:07 AM
Ok...who's messin with cross currency oil pricesAnonymous Coward6324N/A12/15/14
2:05 AM
12/15/14
2:57 AM
Gold Target $700 or Lower !!!Anonymous Coward5403N/A12/15/14
1:13 AM
12/15/14
1:44 AM
Damn First Sub Prime and Now OIL Derivatives on Borrowed dollarsAnonymous Coward1224N/A12/15/14
1:08 AM
12/15/14
1:13 AM
It's official: Saudis are flooding markets with oil according to mainstream news
Page 1, 2, 3, 4, 5, 6
Astral Goat15412,979
(13)
12/10/14
6:52 PM
12/15/14
12:55 AM
Joel 3 the Oil War Begins!Anonymous Coward0273N/A12/15/14
12:13 AM
12/15/14
12:13 AM
Put whipped full cream in your coffee and enjoy the best drink of your life!Anonymous Coward11648
(5)
12/14/14
10:21 PM
12/14/14
11:59 PM
Cheap Oil is Hurting Russia, but Russian Arms Sales is BriskNexus-92276N/A12/14/14
11:13 PM
12/14/14
11:27 PM
Oil slump drags Asian stocks lower, Tokyo leads losesUncle Fuck Stick1196N/A12/14/14
11:12 PM
12/14/14
11:15 PM
Muslims think we are cattleAnonymous Coward7248
(1)
10/23/14
8:45 PM
12/14/14
9:40 PM
Crude Oil Prices 1861 - 2008Anonymous Coward14493
(3)
05/20/08
2:17 AM
12/14/14
9:02 PM
Russia’s $50 Billion Repo Pledge Fails to Halt Ruble Drop on Oil...IF THE WORLD DROPS THE PETRODOLLAR WE'LL HAVE A HOT WAR IN A WEEKUncle Fuck Stick141,321
(2)
10/16/14
7:05 AM
12/14/14
8:05 PM
Oil price drop... I know why it started... But who can tell me the future ????Cryptananiro9313N/A12/14/14
7:23 PM
12/14/14
7:55 PM
Futures open oil down 1.2%Anonymous Coward0153N/A12/14/14
6:02 PM
12/14/14
6:02 PM
CAN A MINI DEPRESSION HAPPEN BECAUSE OF OIL DOOM?blackraven18696
(1)
12/14/14
3:45 PM
12/14/14
5:48 PM
Oil doom explained LINK INSIDEblackraven17764
(4)
12/10/14
9:46 PM
12/14/14
4:29 PM
Oil Import TaxADEND3271
(1)
12/14/14
3:16 PM
12/14/14
4:15 PM
The Girl That Got Burned Bought An Unusual Amount Of GasAnonymous Coward18791
(1)
12/14/14
2:13 PM
12/14/14
4:14 PM
How much silver?Anonymous Coward221,155
(1)
12/13/14
8:25 PM
12/14/14
3:26 PM
Rockefeller sold oil investment 22.9Anonymous Coward1222
(2)
12/14/14
12:53 PM
12/14/14
12:57 PM
Asian markets open in 10 hours let the Oil rot continueAnonymous Coward1269N/A12/14/14
8:58 AM
12/14/14
9:01 AM
Sprott Launches Physical Silver Mutual Fund, Will Likely Soak Up Much Marginal Silver InventoryAnonymous Coward2490N/A05/09/11
11:23 AM
12/13/14
8:38 PM
I didn't work at Area -32.74 and I ate a soybean. Ask someone else a question.Anonymous Coward0135
(1)
12/13/14
7:23 PM
12/13/14
7:23 PM
With crude oil prices this low, is a great investment opportunity staring us in the face?MonocyteOne11840
(1)
12/11/14
11:22 AM
12/13/14
6:47 PM
Instead of buying gold and silver, i bought the latest smartphone from Lamborghinihoarding money is bad, mmkay0262N/A12/13/14
5:31 PM
12/13/14
5:31 PM
Silvertards rejoice Ive found silver!The Veracity Sector19852
(1)
12/12/14
4:35 PM
12/13/14
4:24 PM
Breaking ! i bought a roll of Silver Eagles rather than the latest smart phone !
Page 1, 2
Anonymous Coward401,273
(2)
12/12/14
5:39 PM
12/13/14
2:32 PM
Silver to the moon!!!!Anonymous Coward131,149
(2)
12/09/14
10:24 AM
12/13/14
1:29 PM
For every $1 drop in OIL Prices$500M in stimulus is added to the economyAnonymous Coward1246N/A12/13/14
10:34 AM
12/13/14
11:12 AM
What are the implications of oil carsh ?mama2251N/A12/13/14
9:56 AM
12/13/14
10:40 AM
PRICE OF OIL DROPPING LIKE A ROCK! DOWN nearly 4% today!Nyarlathotep2349
(1)
12/12/14
12:11 PM
12/13/14
3:11 AM
oil below 60 and falling!!!!1cnnfn.com3331N/A12/12/14
12:25 AM
12/13/14
2:35 AM
HUGE **** Maguire - This Is What Has The Gold Shorts So TerrifiedTeutony3325N/A12/12/14
11:18 PM
12/12/14
11:24 PM
GET IT THROUGH YOUR THICK SKULLS, OIL IS ORGANIC AND NOT FROM FOSSILS - IT IS EARTH'S BLOOD
Page 1, 2
Anonymous Coward321,043
(7)
06/12/10
4:11 PM
12/12/14
8:34 PM
Serious question about the DOW and Gasoline pricesDP12200148N/A12/12/14
8:25 PM
12/12/14
8:25 PM
Dow down 300 ..oil down over 3%!!
Page 1, 2, 3
Halcyon Daze786,130
(10)
12/12/14
2:27 PM
12/12/14
8:19 PM
Peak Oil is here! I paid 2.42 for a gallon of gas today. OMG!!! Ask me a statement?Turnt Up for What1181
(1)
12/12/14
4:53 PM
12/12/14
4:58 PM
White Powder Gold DESTROYS DNA & Pyschic Abilities long termAnonymous Coward213,660
(3)
03/10/11
9:38 PM
12/12/14
4:17 PM
Cars powered by natural gas also putting a dent in oil demandUndestroyer7421N/A12/12/14
9:48 AM
12/12/14
4:12 PM
LOL, Big Oil Companies :) Going Bankrupt on Cheap Oil :) WHOOPEE!UnitedOompaLoomp​as0187N/A12/12/14
3:04 PM
12/12/14
3:04 PM
Gas going lower will cause riots?aplwanabes133336N/A12/12/14
1:40 PM
12/12/14
2:36 PM
India crashed oil price to $60/barrel....Anonymous Coward8475
(10)
12/11/14
2:33 PM
12/12/14
2:17 PM
How can I buy a car that runs on natural gas?DP122017379N/A12/12/14
10:12 AM
12/12/14
12:37 PM
The last time Oil traded below$60, Gold was between $800-$900Anonymous Coward0189
(1)
12/12/14
12:31 PM
12/12/14
12:31 PM
OMFG You're KIDDING ME - no more Oil and Gas information from the EIAAnonymous Coward3273N/A05/03/11
10:45 AM
12/12/14
12:19 PM
Oil won't stay down forever, is it time to buy some long ETF's or wait till it drops below 50ID THINKER5408
(1)
12/12/14
10:01 AM
12/12/14
11:05 AM
Books of Gold - What if going viral isnt good enough?Phive3344
(2)
12/11/14
10:05 AM
12/12/14
10:54 AM
DEADLY TRAIN CRASH !!! 80 CRUDE OIL TANKERS INVOLVED...Anonymous Coward5508N/A07/07/13
8:24 AM
12/12/14
9:15 AM
Oil Rout turns into a Stampede Ultra Bear Market $10Anonymous Coward13655
(3)
12/12/14
6:53 AM
12/12/14
7:26 AM
Didn't oil drop to $59 today?Anonymous Coward5256N/A12/12/14
1:48 AM
12/12/14
1:53 AM
Besides Russia, what other reasons for the drop of oil price?Anonymous Coward1207N/A12/11/14
11:35 PM
12/11/14
11:55 PM
With Oil CARSHING, do you think there will be a Terrorist Act in Saudi Arabia soon?
Page 1, 2
TripleH513,371
(14)
12/11/14
2:30 PM
12/11/14
9:40 PM
Time Magazine: April 14, 1986 Good News! Cheap Oil! Bad News Cheap Oil!!Anonymous Coward2307
(1)
12/11/14
6:04 PM
12/11/14
9:09 PM
Coast Guard investigating oil spill in Sandy Hook Bay, New JerseyKickAzCarlin0161N/A12/11/14
8:22 PM
12/11/14
8:22 PM
SWAT incident near Copper Basin AZ in Pinal CountyAnonymous Coward0241N/A12/11/14
7:24 PM
12/11/14
7:24 PM
Another oil question for the pros....? please and thank youAnonymous Coward15468N/A12/11/14
4:08 AM
12/11/14
6:30 PM
Gpl resonse to plummeting oil prices...they're stupidity is bottomless....gog and magognicolaem5450N/A12/11/14
5:28 PM
12/11/14
5:56 PM
OIL Hits the 50's! How low can it go?!!Nyarlathotep30859
(1)
12/11/14
4:04 PM
12/11/14
5:49 PM
oil questions for the pros....?
Page 1, 2
Anonymous Coward331,021
(2)
12/10/14
10:22 AM
12/11/14
5:41 PM
Now some GOOD news! Gas prices are still going down YAY!!DP12202200N/A12/11/14
4:29 PM
12/11/14
4:34 PM
Oil drops below $60 for first time since 2009Anonymous Coward2175
(2)
12/11/14
3:02 PM
12/11/14
3:10 PM

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