Simcountry is a multiplayer Internet game in which you are the president, commander in chief, and industrial leader. You have to make the tough decisions about cutting or raising taxes, how to allocate the federal budget, what kind of infrastructure you want, etc..
  Enter the Game

What happenend to the oil market (Fearless Blue)

Topics: Fearless Blue: What happenend to the oil market (Fearless Blue)

shane vataja (Fearless Blue)

Saturday, August 2, 2008 - 05:40 am Click here to edit this post
what happend to the oil market it seems to have suddenly gotten a huge surplus and has stayed for a few days now

what do we think caused it

to much assurence in a "safe bet" resulting in to many oil corps (supply has skyrocketed just as demand dropped (but demand is slowly rising back))
but supply did skyrocket very steep slope on the chart

or has someone/some group of people desided they want to control it so creat a big surplus so others will close up shop?

lets hear your theories

shane vataja (Fearless Blue)

Saturday, August 2, 2008 - 05:43 am Click here to edit this post
mayb somone desided to sell a huge stockpile?

but why all at once would make more cash sellign it slowly when demand is hot.. mhhmm..

sfo Treasurer (White Giant)

Saturday, August 2, 2008 - 06:34 am Click here to edit this post
Thats what happened. It will be a good time to buy it up while the price is low....hint hint

JMR32 (Golden Rainbow)

Saturday, August 2, 2008 - 08:43 am Click here to edit this post
Yep, we had the same thing on GR with weapons and ammo of all types recently. Guess someone was getting out of the game, or just decided to turn pacifist. One thing you can look at when this sort of thing happens is the factory utilization chart

It lists the number of corps producing each product, what the 100% production rate would be, how much was produced last month by amount and % of full production, and the demand.

If the % produced is greater than 130-140% of full production someone is dumping product. During our recent ammo dumping, the production values were running 400+ per cent.

I use the page as one of the criteria when my CEO wants to buy gamemaster corps. If the potential production of existing corps is greater than the demand I don't go near that type of corp unless there are other circumstances which I feel outweigh the chance of a near term market correction.

A lot of times a product will be in the red, but looking at that page shows me that the product was only being produced at a 70% level, and sure enough 3 or 4 months later that product is green lining to the max.

Danneh Turner (Fearless Blue)

Saturday, August 2, 2008 - 10:22 am Click here to edit this post
Treasurer is right, you will be able to pick up some cheap oil with a dropping price. Watch the oil price history graph though and try to purchase at the "bottom". A second glut hit the market recently, so expect further price falls.

Shane, there might be more to the "plan" than someone trying to make money from simply selling oil. If all the oil corps stop making profits because they're being hammered by a dropping oil price, then their share values will drop and people will be able to aquire them on the cheap. Then, when the glut has gone (and a pile of oil corps have gone bust as well), those cheaply aquired corps will rapidly increase in value and the shares can be sold at a huge profit.

If you watch out for these "economic plays" you can ride the wave of them too and make a pile of cash without doing all the hard work of market manipulation.

sfo Treasurer (White Giant)

Saturday, August 2, 2008 - 05:08 pm Click here to edit this post
Exactly. Odds are someone is trying to put a strain on someone's oil corps in an effort to make them undesirable. Possibly in an effort to pick up some cheap oil corps and repeat the process. Oil surpluses NEVER continue for long. This is a brief respite that a few people might want to take advantage of, as long as you have free cash to invest with. Watch for failing oil corps on the cheap too.

It is very hard to control a monopoly in any particular corporation type no matter what world you are on. It is very possible to create short term highs and lows tho. Being able to discern between low production and high demand is the key.

JMR32 (Golden Rainbow)

Saturday, August 2, 2008 - 07:22 pm Click here to edit this post
Like the info you "vets" put out. Always contain stuff that is helpful to anyone who is serious about making the game a full time hobby, if they pay attention to it!

Treasurer, you're right on target with the ability to discern being key. That's why I mentioned the factory utilization page in my post. If you just use the world trade supply/demand by itself, it can be misleading, especially if there is an "economic play" going on as Danneh speaks about.

shane vataja (Fearless Blue)

Monday, August 4, 2008 - 12:32 am Click here to edit this post
so u's think it was a sell of a stock pile why not slowly sell it bc u would make more cash from it...

if a vet call ing it quits i could see but all of his corps would reset and it would follow with a bigger shortage if he had lots of oil corps

but mayb someone wanted to but some some oil corps so a price drop would make sence

Quetzalcoatl God of War

Monday, August 4, 2008 - 01:36 am Click here to edit this post
Shit happens.

Yankee (Fearless Blue)

Monday, August 4, 2008 - 06:08 am Click here to edit this post
Trying to influence the market is really no fun although you only need a relatively small amount of corps to do that.

It is however, rather funny to locate a keystone corp and grab as much of that as you can, then simply take the production off the market creating a domino effect :)

With the worker situation in C3's these days ... it might take game decades to recover if I ever wanna try it (again?).

sfo Treasurer (White Giant)

Monday, August 4, 2008 - 07:39 pm Click here to edit this post
hmmmmmm. Muhahahahaha

Add a Message