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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 below 60 and falling!!!!1cnnfn.com3332N/A12/12/14
12:25 AM
12/13/14
2:35 AM
HUGE **** Maguire - This Is What Has The Gold Shorts So TerrifiedTeutony3338N/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 Coward321,062
(7)
06/12/10
4:11 PM
12/12/14
8:34 PM
Serious question about the DOW and Gasoline pricesDP12200162N/A12/12/14
8:25 PM
12/12/14
8:25 PM
Dow down 300 ..oil down over 3%!!
Page 1, 2, 3
Halcyon Daze786,180
(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 What1190
(1)
12/12/14
4:53 PM
12/12/14
4:58 PM
White Powder Gold DESTROYS DNA & Pyschic Abilities long termAnonymous Coward213,888
(3)
03/10/11
9:38 PM
12/12/14
4:17 PM
Cars powered by natural gas also putting a dent in oil demandUndestroyer7436N/A12/12/14
9:48 AM
12/12/14
4:12 PM
LOL, Big Oil Companies :) Going Bankrupt on Cheap Oil :) WHOOPEE!UnitedOompaLoomp​as0191N/A12/12/14
3:04 PM
12/12/14
3:04 PM
Gas going lower will cause riots?aplwanabes133354N/A12/12/14
1:40 PM
12/12/14
2:36 PM
India crashed oil price to $60/barrel....Anonymous Coward8491
(10)
12/11/14
2:33 PM
12/12/14
2:17 PM
How can I buy a car that runs on natural gas?DP122017391N/A12/12/14
10:12 AM
12/12/14
12:37 PM
The last time Oil traded below$60, Gold was between $800-$900Anonymous Coward0195
(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 Coward3277N/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 THINKER5418
(1)
12/12/14
10:01 AM
12/12/14
11:05 AM
Books of Gold - What if going viral isnt good enough?Phive3356
(2)
12/11/14
10:05 AM
12/12/14
10:54 AM
DEADLY TRAIN CRASH !!! 80 CRUDE OIL TANKERS INVOLVED...Anonymous Coward5510N/A07/07/13
8:24 AM
12/12/14
9:15 AM
Oil Rout turns into a Stampede Ultra Bear Market $10Anonymous Coward13664
(3)
12/12/14
6:53 AM
12/12/14
7:26 AM
Didn't oil drop to $59 today?Anonymous Coward5268N/A12/12/14
1:48 AM
12/12/14
1:53 AM
Besides Russia, what other reasons for the drop of oil price?Anonymous Coward1218N/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
TripleH513,408
(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 JerseyKickAzCarlin0164N/A12/11/14
8:22 PM
12/11/14
8:22 PM
SWAT incident near Copper Basin AZ in Pinal CountyAnonymous Coward0260N/A12/11/14
7:24 PM
12/11/14
7:24 PM
Another oil question for the pros....? please and thank youAnonymous Coward15480N/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 magognicolaem5462N/A12/11/14
5:28 PM
12/11/14
5:56 PM
OIL Hits the 50's! How low can it go?!!Nyarlathotep30883
(1)
12/11/14
4:04 PM
12/11/14
5:49 PM
oil questions for the pros....?
Page 1, 2
Anonymous Coward331,050
(2)
12/10/14
10:22 AM
12/11/14
5:41 PM
Now some GOOD news! Gas prices are still going down YAY!!DP12202204N/A12/11/14
4:29 PM
12/11/14
4:34 PM
Oil drops below $60 for first time since 2009Anonymous Coward2178
(2)
12/11/14
3:02 PM
12/11/14
3:10 PM
OIl under $60Anonymous Coward2213N/A12/11/14
3:00 PM
12/11/14
3:07 PM
How do you like your coffee ?
Page 1, 2, 3
Anonymous Coward871,587
(3)
12/10/14
12:09 PM
12/11/14
1:57 PM
Breaking Pacific Gas & Electric reporting tens of thousands of power outages in San Francisco Bay Area.Anonymous Coward13795
(3)
12/11/14
11:22 AM
12/11/14
12:14 PM
Oil price going down, lets thank Barack Obama!Anonymous Coward12686
(5)
12/11/14
4:55 AM
12/11/14
10:31 AM
GOLD" STAR'S HERE ARE BUTT-FUCKING CHAT!!!!Citizenperth6501N/A12/11/14
8:44 AM
12/11/14
8:57 AM
1st sign of imminent US economic BUST --> Alaska faces $3.5B deficit amid lower oil pricesJoe Camel8448
(2)
12/10/14
11:21 PM
12/11/14
1:04 AM
COMMODITIES AS AN INDICATORkarl_gerbschmidt7398
(1)
12/10/14
1:10 PM
12/11/14
12:32 AM
Keeping your eye on the right ball with regards to oil prices..Anonymous Coward3328N/A12/10/14
1:19 PM
12/10/14
8:25 PM
The Oil-By-Rail Problemtech_bonus6306
(2)
12/10/14
6:20 PM
12/10/14
7:43 PM
Guess What Happened The Last Time The Price Of Oil Crashed Like This
Page 1, 2, 3, 4, 5
Anonymous Coward14714,358
(26)
12/02/14
9:59 AM
12/10/14
5:36 PM
Mumbai oil spill, toxic fumigants threaten ecologyIndian_Believer2289N/A08/11/10
4:34 PM
12/10/14
5:07 PM
Oil spill off the coast of Mumbaidanes11242N/A08/08/11
11:12 AM
12/10/14
5:05 PM
Oil down over 5%....Dow down...268...Dead Cat Bounce Done: ZerohedgeHalcyon Daze20615
(2)
12/10/14
11:19 AM
12/10/14
4:22 PM
Price of oil down over 5% today. Dow falling.
Page 1, 2
Anonymous Coward542,693
(9)
12/10/14
12:06 PM
12/10/14
3:42 PM
Oil/61 dollars!messi1712616
(1)
12/10/14
9:09 AM
12/10/14
10:38 AM
Heart of Gold...
Page 1, 2, 3
141674,439
(28)
12/08/14
4:38 PM
12/10/14
10:14 AM
Fuck you Oil Company!Anonymous Coward0309N/A12/10/14
10:08 AM
12/10/14
10:08 AM
Yo, whassup? Gold? Silver?MrThistle24682
(1)
12/09/14
11:11 AM
12/10/14
8:57 AM
Israel caught stealing gas from Lebanon. No surprise.
Page 1, 2
ZyklonB35680
(14)
12/09/14
7:23 PM
12/10/14
7:39 AM
ALL commodities are DOWN HARD !!!!Whiterabbit R.O.111,222N/A11/30/14
10:33 PM
12/09/14
11:05 PM
Robbed 8oz of gold from neighbor
Page 1, 2, 3
Anonymous Coward652,684
(2)
12/09/14
3:00 AM
12/09/14
9:57 PM
CHLORINE GAS ATTACK IN CHICAGO !!!! PIN!
Page 1, 2
Anonymous Coward445,180
(17)
12/07/14
12:28 PM
12/09/14
6:06 PM
One of the world’s biggest oil projects has become a fiascoAnonymous Coward0217N/A12/09/14
3:35 PM
12/09/14
3:35 PM
Brushing your teeth with Coconut Oil?30Aut6221,716
(2)
12/08/14
3:16 PM
12/09/14
1:21 PM
Oil Oil OilLimpan1298
(1)
12/09/14
7:49 AM
12/09/14
11:50 AM
Oil Price Per Barrel Required to Break Even/Balance Budget . You can see the game!!!Limpan3504N/A12/09/14
7:35 AM
12/09/14
8:37 AM
Silver and Gold TARDS! We RIDE! Market Sell off Today! (update pg 5)
Page 1, 2, 3, 4, 5
TripleH12220,999
(14)
11/06/14
10:23 PM
12/09/14
8:34 AM
Oil Prices continue to divedocsquat2298
(1)
12/09/14
7:56 AM
12/09/14
8:05 AM
Silver Update 11/30/14 Dystopian PropheciesAnonymous Coward3443
(2)
12/07/14
11:17 AM
12/09/14
2:21 AM
How 6 Key Commodities Moved Against 9 Major CurrenciesAnonymous Coward2311N/A12/08/14
10:20 PM
12/08/14
10:44 PM
TODAYS Low gas prices & collapsing Russian economy predicted EXACTLY in 2012Anonymous Coward7567
(1)
12/08/14
5:53 PM
12/08/14
10:43 PM
Another Long Week For Oil? Futures Down .89 (1.34%) AlreadyAnonymous Coward241,148
(4)
12/07/14
7:44 PM
12/08/14
9:37 PM
Coconut OilMook141,242
(3)
12/08/14
3:20 PM
12/08/14
9:35 PM
Palo Alto, CA. Poluce requesting gas masks and batonsAnonymous Coward1214N/A12/08/14
8:57 PM
12/08/14
9:18 PM
Peak Oil is TRUE. Economic collapse dead aheadSeanjohn131,175
(4)
10/16/13
6:06 PM
12/08/14
8:35 PM
Who here on GLP is going to spend more on Christmas because gas prices are downID THINKER0203N/A12/08/14
8:13 PM
12/08/14
8:13 PM
An ex-BP geologist says that we've hit Peak Oil, and that it will "Break Economies." Recession-driven Resource Wars Imminent
Page 1, 2, 3
DoorBert694,014
(18)
12/24/13
5:51 AM
12/08/14
7:20 PM
When oil was 8 a barrel in 1998...nicolaem0228
(1)
12/08/14
5:11 PM
12/08/14
5:11 PM
Silver and Gold appear to be tanking again.Anonymous Coward8548
(1)
12/07/14
6:14 PM
12/08/14
3:46 PM
Oil Having Rapped Movment. Why!?Anonymous Coward11297N/A12/08/14
12:12 PM
12/08/14
1:35 PM
Ancient vegetable sets off agri-gold rush in Peru - Chinese Boner FoodTripleH4635
(5)
12/07/14
10:52 AM
12/08/14
12:38 PM
50 a barrel oil price is here now.Anonymous Coward0282N/A12/08/14
9:35 AM
12/08/14
9:35 AM
WTF?Underground oil in LA?Anonymous Coward5288N/A12/08/14
9:08 AM
12/08/14
9:16 AM
Treasure of gold at $ 10 million dug out a dogAnonymous Coward0259
(1)
12/08/14
6:59 AM
12/08/14
6:59 AM
Obama Was Wearing His Gold Muzzie Ring Tonight...DL10486
(5)
10/16/12
11:18 PM
12/08/14
6:57 AM
Russia cancels south gas pipeline, Hungarian PM blames Brussels!
Page 1, 2
VagyokAkiVagyok331,986
(9)
12/07/14
1:39 PM
12/08/14
5:45 AM
Who here uses Colloidal Silver DAILY?Anonymous Coward1711,451
(2)
07/09/08
8:40 PM
12/08/14
4:38 AM
Tear Gas, Windows Broken, Clashes With Police As Anarchists Hijack Peaceful Protest March Through #Berkeley. March called for Sunday 5pm
Page 1, 2, 3, 4, 5, 6, 7, 8
rachel310821412,964
(18)
12/06/14
10:29 PM
12/07/14
5:06 PM
19 hospitalized, thousands evacuated in 'intentional' gas leak at Rosemont hotel around 12:40 a.m. last night/this morning.4114436
(2)
12/07/14
11:20 AM
12/07/14
3:27 PM
When people type, "You made me spit my coffee all over the keyboard." Do they actually mean that or just an expression?Anonymous Coward3243N/A12/07/14
10:46 AM
12/07/14
10:51 AM
Israel Hit With Massive 600,000 Gallon Oil Spill
Page 1, 2, 3
Israel oil spill633,890
(10)
12/06/14
1:26 PM
12/07/14
6:58 AM
THE SUN IS BEING CORN-HOLED REAL GOOD LIKE TODAY~!~~Anonymous Coward2318
(2)
12/06/14
7:46 PM
12/06/14
8:08 PM
CNBCnow: JUST IN: GasBuddy reports that Texas has become the second U.S. state after Oklahoma to see gas prices fall below $2.00Uncle Fuck Stick9545
(2)
12/05/14
1:09 PM
12/06/14
5:16 PM
Toilet pit leads to gold rush in IndiaAnonymous Coward1359N/A12/06/14
4:11 PM
12/06/14
4:17 PM
Erased thread from earlier? ... Cardamom prevents tooth decay and gum disease. 'Cardamom Coffee' for coffee lovers.wtfy2403
(2)
12/06/14
10:16 AM
12/06/14
3:34 PM
GULF OIL SPILL - 73.5 Trillion US gallons now toxic to life as of todayAnonymous Coward131,110
(5)
05/14/10
10:40 AM
12/06/14
3:31 PM
The Heyyyyy A/C civil conversation over a cup of coffee thread!
Page 1, 2
A/C36628N/A12/18/04
8:55 AM
12/06/14
2:30 PM
BOOM!!!! TOP PRIMARY SILVER MINERS Q3 2014 RESULTS: BIG Losses At $19 per OZMukk123413512
(2)
12/06/14
1:20 PM
12/06/14
2:10 PM
coffee threadAnonymous Coward15831
(2)
12/06/14
11:35 AM
12/06/14
1:58 PM
Gold tied to the Nikkei?Chugiakian5365
(3)
12/05/14
7:35 AM
12/06/14
10:05 AM

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