英文解释商品供需与物价的关系

英文解释商品供需与物价的关系
请用英语表达物价受供需影响的规律,最好是有点文采的地道表达,

Simple Economics:Understanding Supply and Demand
Today OPEC powerhouse Saudia Arabia said that they are going to cut down on oil production to level out the prices.How much you ask?Try 2 million barrels per day!Is that going to impact the downward spiral in gas prices?Absolutely
Here’s the basic principle:the more you want something,the more you’ll pay for it,right?Imagine if there were 1 million super bowl tickets available for sale for this year’s game.Would that effect how much you and I pay to see the game in person?Definitely!The novelty of actually attending the super bowl wears off when EVERYBODY gets to do it,right?So in response we don’t pay as much for tickets.Do you remember when Tickle Me Elmo was popular?People were paying insane amounts of money for this particular stuffed animal!When the Nintendo Wii came out,it was the same story.
When there less of any product or service available,we tend to pay more for it.If there is plenty out there and there’s really no competition or rush to pick up the product,it usually doesn’t go for as much.
So what does this all have to do with oil?
Since our markets have been crashing downwards,the overall demand for gas has dropped.Whether it be that people aren’t driving as much because they don’t have a job to go to,or they’re just being more careful about how much they’re driving period,we can’t say.But the fact remains that the world isn’t buying as much gas.As gas is being produced,there is more supply than demand and the equilibrium is thrown off; therefore,gas prices are falling.
So in response to all of this,Saudia Arabia is going to produce less in hope of dropping supply to fall where demand lies; that,in turn,would hopefully level out the pricing.
In essence,we have a much greater supply of gas than the world needs right now.To help level out gas prices,the OPEC is going to do whatever it can!
Can you blame them?Oil has dropped nearly 70% since its peak in July!