I do remember that gasoline is a prime example of price inelasticity (or do I mean elasticity? it's a product that people will buy even if the price increases substantially).
It seems that people are taking advantage of that. Dana On 8/16/05, Aaron Rouse <[EMAIL PROTECTED]> wrote: > Unfortunately a good part of cost of fuel at the pump that we see is from > speculation of the traders of the "stocks" Same goes for natural gas, which > is way too high cost wise for what the supply is and has been for sometime > now. Then there are all the other factors of the entire world that effect > it. I would not say our oil supply is an issue but more so our refined oil > supply is the issue and quite frankly we put ourselves partially there with > choices made long ago. > If I remember when I get home I will dig that paper up. There are actually > a lot of interesting sources in oil based studies/magazines that have > predicted/warned(both of these are probably bad wording on my part) of some > of the situations we seem to have blindly gotten into over the years. I am > very far from an expert on this stuff though, I just happen to pick it when > I needed to do some economics papers and because of my long exposure to the > oil industry through work. > Oh well, at least the work day is almost over. > On 8/16/05, Dana <[EMAIL PROTECTED]> wrote: > > > > I think those things are important too. But yes, I suspect that oil > > has a more to do with the current situation than democracy. > > > > But if we are getting to the point where oil supply *is* an issue they > > have already hurt us, no? I'd be interested in seeing that paper > > sometime. Not being sarcastic. > > > > Dana > > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:169762 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
