Re: [Vo]:Oil price elasticity: Cutting through the fog

[thomas malloy]

Taylor J. Smith wrote:

Hi Stephen,

Nice simulation; but human greed and stupidity, 
which are impossible to over-estimate, are not


Personal reflections:

I hope they're right. Not sure that I do.

 

Does your calculation factor in an increase in the supply of oil which 
will result from the increase in price?



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