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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
Oil is crashing far faster than it EVER has before. $45.28 tick at the moment.
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Anonymous Coward654,955
(6)
01/13/15
12:05 AM
01/13/15
11:48 AM
How bout it Silvertards..Silver​ up .47 back over $17 an ouncePhilligan9424
(1)
01/13/15
9:04 AM
01/13/15
10:54 AM
Gas will be 59.9/litre by AprilAnonymous Coward1169N/A01/13/15
10:39 AM
01/13/15
10:42 AM
Truth starting to come out about the negative impact of falling oil prices!! Oil now Below 45!Halcyon Daze25983
(8)
01/12/15
10:36 PM
01/13/15
10:20 AM
First Photos From Inside Gas Station Where Paris Terror Attack Suspects Were Spotted on the Runsoup0239N/A01/13/15
8:50 AM
01/13/15
8:50 AM
Cheap gas = carbon taxAnonymous Coward0131N/A01/13/15
7:54 AM
01/13/15
7:54 AM
As Oil Prices Fall... Shouldn't the price of goods as well?Anonymous Coward7427
(1)
01/13/15
3:04 AM
01/13/15
4:50 AM
Oil about to go < 44Anonymous Coward0148N/A01/13/15
4:30 AM
01/13/15
4:30 AM
If Oil Is Still Dropping Then Why Haven't The Prices In California Gone Below $2?Anonymous Coward9345N/A01/13/15
2:11 AM
01/13/15
4:12 AM
The gold to silver price ratio is 74.5 to 1.Booger Cancer12752
(3)
01/12/15
12:00 PM
01/13/15
3:02 AM
Saudi prince: $100-a-barrel oil 'never' againAnonymous Coward1238N/A01/12/15
9:29 PM
01/12/15
9:37 PM
I'm Huffing some Swamp Gas and becoming enlightened ... ask.Anonymous Coward4216
(1)
01/12/15
8:07 PM
01/12/15
8:27 PM
Saudi Prince: "$100 a Barrel Oil, NEVER Again" - - - Says Saudi is "In Bed With the Russians"Ag473601
(5)
01/11/15
10:07 PM
01/12/15
7:35 PM
Cracked codes from Nazi concentration camps - NO MENTION OF GAS CHAMBERSAnonymous Coward9393
(6)
01/12/15
5:49 PM
01/12/15
6:53 PM
BREAKING:OIL $ 46.66 AND STILL FALLING!!!
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Anonymous Coward694,211
(9)
01/12/15
8:32 AM
01/12/15
6:40 PM
I tel u now.. oil down and is droppAnonymous Coward2280N/A01/12/15
5:24 PM
01/12/15
5:42 PM
The Great Oil BustIce6392
(3)
01/12/15
3:56 PM
01/12/15
5:17 PM
Fake terror in France, oil prices falling to extremes, inducing anti-Muslim sentiments in Europe etc. - what´s going on here?krax13566
(4)
01/12/15
12:27 PM
01/12/15
4:33 PM
The temporary solution to the oil glut in the United StatesAnonymous Coward2185N/A01/12/15
2:24 PM
01/12/15
2:37 PM
So when all the oil runs outAnonymous Coward13640
(1)
01/11/15
12:08 AM
01/12/15
1:56 PM
Next time gas goes up, expect hyperinflation and a dollar crashAnonymous Coward4285N/A01/12/15
9:44 AM
01/12/15
12:42 PM
Longtime oil industry consultant and expert: It's game over for oil and gas industriesBye bye fossil fuels11989
(1)
01/12/15
5:47 AM
01/12/15
12:33 PM
The real reason oil prices are falling.
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Anonymous Coward371,694
(7)
11/28/14
3:06 PM
01/12/15
11:16 AM
Smack in the face, gas pump style.Anonymous Coward1234
(1)
01/12/15
10:02 AM
01/12/15
10:04 AM
Saudi Prince Warns "We Will Not See $100 Oil Again", Calls Anti-Russia Conspiracy "Baloney"Chugiakian4507N/A01/12/15
1:38 AM
01/12/15
2:37 AM
Does anyone know how to get into the oil industryMuffins6383N/A01/12/15
12:03 AM
01/12/15
12:24 AM
Think about N Dakota Oil Field work? You have missed the ball.Anonymous Coward3237
(1)
01/11/15
11:14 PM
01/11/15
11:18 PM
Iran, Venezuela vow to cut oil Production to bring back $100 dollar a barrel oil!Anonymous Coward1251N/A01/11/15
10:08 PM
01/11/15
10:11 PM
Colloidal Silver Question ?Tard0209N/A01/11/15
9:17 PM
01/11/15
9:17 PM
Matrix V gold edition Quest of the spirittink51,961N/A07/20/08
2:57 AM
01/11/15
7:36 PM
Genetically Modified Wheat...it's ComingAnonymous Coward6570N/A01/11/15
11:41 AM
01/11/15
6:52 PM
Mike Maloney says Crude Oil can hit $10 per barrelTrailer-trash9892
(2)
09/23/10
2:16 PM
01/11/15
3:13 PM
I wish we could go back in time and NOT find oil in the middle east. Our finding is ultimately causing world wide problemsAnonymous Coward7263N/A01/11/15
10:46 AM
01/11/15
11:04 AM
Is this the Breakthrough that Finally Ends ‘Big Oil’ and Brings Solar Power to the World?
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SpaceCommand351,028
(4)
01/10/15
5:25 PM
01/11/15
2:21 AM
Here is my theory on oil prices. It's not about Russia!
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Anonymous Coward1558,890
(27)
01/09/15
6:06 PM
01/11/15
1:59 AM
Oil $40 then go long?
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ID THINKER583,073
(10)
01/09/15
2:44 PM
01/10/15
7:56 PM
Used powdered coca with my coffee grounds. Seemed legit till it clogged the filter and spilled everywhere.Fuck what a mess.13339
(1)
01/10/15
5:24 PM
01/10/15
7:31 PM
Looks like Crude Oil will no longer be sold in $US dollarsAnonymous Coward4513
(5)
01/10/15
3:30 AM
01/10/15
5:06 PM
France demonstrators = cattle to the slaughterJust me0150N/A01/10/15
2:40 PM
01/10/15
2:40 PM
High Fructose Corn Syrup almost doubles death rate vs white table sugar *STUDYAnonymous Coward301,214
(6)
01/06/15
1:07 PM
01/10/15
1:21 PM
Do you think a Filipino will walk into the WH and pistol whip Barry O with a silver plated revolverDalek Uno0222N/A01/10/15
9:41 AM
01/10/15
9:41 AM
Zerohedge: The Oil Price Drop is much bigger than Sub Prime housing crisis of 2008!!Halcyon Daze141,447
(3)
01/06/15
9:15 PM
01/10/15
4:54 AM
Paul Begley supposedly posted a video sent to him of oil rigs and pipelines being blown up.UH...HEELLOOOO5432
(3)
01/09/15
10:44 PM
01/09/15
11:22 PM
Been Wondering When The Economic DOOM Would Land, This Oil Thing Is The Real Deal...Saddletramp221,409
(6)
01/07/15
12:11 PM
01/09/15
9:37 PM
Everything happening, Ukrainian crisis, Terrorists, money and oil value falling down...uncle told me0180N/A01/09/15
3:33 PM
01/09/15
3:33 PM
False flags or not, when you bomb several countries to steal their oil, you have to expect a reaction.Anonymous Coward4249
(2)
01/09/15
1:08 PM
01/09/15
1:28 PM
Another 125 dead, oil-soaked birds discovered in Northwest OhioArmy-of-Souls0256N/A01/09/15
3:44 AM
01/09/15
3:44 AM
Providentmetals Sent me Free Silver, I think....TwinDarkness2269
(1)
01/07/15
11:56 PM
01/09/15
3:13 AM
oil priceAnonymous Coward0108N/A01/08/15
8:01 PM
01/08/15
8:01 PM
Oil DROPPING to almost 48.00 a barrel, DOW JONES down over 200 points - a total drop of 700 in just 5 days! THE SHMITA IS UPON US NOW!Anonymous Coward262,835
(29)
01/06/15
12:38 PM
01/08/15
7:54 PM
Minus 54 Degree Wind Chills !!!!Be Ready!!!Get Gas Now They SayGoofy for God171,016
(7)
01/07/15
3:17 PM
01/08/15
5:49 PM
60 Oil Rigs being taken offline. Lots of people will be laid off.
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Anonymous Coward1277,473
(10)
01/07/15
8:36 PM
01/08/15
4:58 PM
Using junk silver for big ticket transactions?Mugatu13529N/A01/08/15
6:41 AM
01/08/15
1:44 PM
The two france suspects on the loose robbed gas stationac087N/A01/08/15
11:39 AM
01/08/15
11:39 AM
Why are the Saudis giving cheap oilAnonymous Coward4280N/A01/08/15
9:29 AM
01/08/15
10:00 AM
US oil rigs down to lowest in 10 months!!!!Halcyon Daze10440
(6)
01/05/15
3:12 PM
01/08/15
7:55 AM
OBLAMA to Americans: Enjoy cheap gas, but don't count on it!!! UR PREZ WORKIN FOR U THIS IS WHY WE R FOOOOKED!!STONER151,762
(6)
01/07/15
7:58 PM
01/08/15
4:45 AM
Oil is crashing far faster than it EVER has before. $47.35 tick at the moment.
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Anonymous Coward1216,310
(14)
01/07/15
1:22 AM
01/08/15
2:17 AM
I finally put Obama on the bad side...his take today on oil pricesnicolaem0229N/A01/07/15
9:36 PM
01/07/15
9:36 PM
Olive Oil, Olive Oil. Where Art Thou Olive Oil?TastyThoughts7428N/A01/07/15
8:01 PM
01/07/15
8:54 PM
What if Russia dropped the price of oil?Anonymous Coward7462
(2)
01/07/15
4:43 AM
01/07/15
5:31 PM
Where IS Americas 300 gold coins on display at?Apollo0163N/A01/07/15
4:54 PM
01/07/15
4:54 PM
I just wondered if anybody is noticing lower prices, now that oil has dropped so precipitously....zionist shill5279N/A01/07/15
2:33 PM
01/07/15
4:41 PM
Did Obama just admit on LIVE TV that the government used terrorism indirectly to bring gas prices down?Anonymous Coward0232N/A01/07/15
4:30 PM
01/07/15
4:30 PM
Oil stock FallingAnonymous Coward0223N/A01/07/15
4:28 PM
01/07/15
4:28 PM
What is the Real price you are paying for Middle eastern oil? You will be shocked!Anonymous Coward3185N/A01/07/15
12:56 PM
01/07/15
1:08 PM
Oil price is surging!
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Anonymous Coward525,198
(10)
12/01/14
10:20 AM
01/07/15
12:46 PM
UPDATE: Rob Kirby: "OIL DERIVATIVES EXPLODE EARLY THIS YEAR"....David Morgan: "OIL DERIVATIVE EXPLOSION DOUBLE 2008 SUB PRIME"
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No More Lies474,740
(16)
01/04/15
1:39 PM
01/07/15
12:11 PM
Californi drivers are now paying a “global warming” fee added to the price of gasoline before sales tax, forcing them to pay a tax on top of a taGreenshoots2297
(1)
01/07/15
11:10 AM
01/07/15
11:20 AM
Oil hit a bottom todayAnonymous Coward3330N/A01/07/15
9:40 AM
01/07/15
10:37 AM
Anyone know what current oil price means for alberta oil patch/ oil patch workersoilpig13547N/A01/05/15
12:25 PM
01/07/15
9:58 AM
Just returned from Galveston, TX... Observations relating to the oil price drop.First Born6510
(1)
01/06/15
10:55 PM
01/07/15
9:49 AM
Uh Oh it looks like gold and silver are about to be slapped downBooger Cancer3470
(3)
01/06/15
2:33 PM
01/07/15
9:05 AM
Corker- Raise Gas Tax 70% the next 2 years & index
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Hard Eight401,705
(1)
01/05/15
5:42 PM
01/07/15
9:02 AM
Oct 16: This is the price that would kill U.S. oil production growthWe're there4393N/A01/07/15
7:45 AM
01/07/15
8:11 AM
Harvey Organ: BY DECEMBER GOLD WILL BE 3 TO 5 K AN OUNCE.. SILVER 200...DEATH OF PETRO DOLLAR ...by December
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Uncle Fuck Stick14112,186
(24)
09/11/14
8:59 AM
01/07/15
8:05 AM
Oil Debt Bubble Pops !Ice1373N/A01/07/15
7:58 AM
01/07/15
8:01 AM
Maybe gas from Cascadia fault in killing sea birds who breathe it.Anonymous Coward6233N/A01/06/15
11:50 PM
01/07/15
7:52 AM
Some traders are betting on $20 oilAnonymous Coward251,338
(5)
01/07/15
2:24 AM
01/07/15
7:10 AM
It's 20 dollars per barrel the right price for Oil????Anonymous Coward3329N/A01/07/15
4:21 AM
01/07/15
5:28 AM
President of Venezuela says right price for oil is 100 a barrel.Anonymous Coward5378
(1)
01/07/15
4:35 AM
01/07/15
5:20 AM
So what is wrong with cheap oil?Anonymous Coward7569N/A01/07/15
3:46 AM
01/07/15
5:12 AM
Oil price dips below $50 a barrelAnonymous Coward0228N/A01/07/15
4:48 AM
01/07/15
4:48 AM
Oil Crisis? Gimme A Break!!!Anonymous Coward3336N/A01/07/15
12:34 AM
01/07/15
2:18 AM
STOP TAKING BLUE-ICE FERMENTED COD/SKATE LIVER OIL...!!Anonymous Coward0536
(3)
01/07/15
1:09 AM
01/07/15
1:09 AM
Convenient oil prices now that a Republican Congress can put forth the Pipeline Project?RightMama3159N/A01/06/15
11:18 PM
01/06/15
11:45 PM
GAS PRICE CHECK, WHAT ARE YOU PAYING?
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Anonymous Coward711,256
(3)
01/05/15
10:21 PM
01/06/15
11:32 PM
Bank run on oil!!!!Anonymous Coward231,348N/A01/06/15
1:19 AM
01/06/15
10:48 PM
You dumb fuckers have been tricked into thinking you are getting "cheap" gas ,, LOLAnonymous Coward15717N/A01/06/15
9:46 PM
01/06/15
10:33 PM
Gas prices will shift the balance of power for gas selling organizations.Anonymous Coward1171N/A01/06/15
8:03 PM
01/06/15
8:33 PM

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