supply and demand again

1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User

Welcome to IWETHEY!

Post #66,468 by ben_tilly 12/3/02 6:37:35 PM Reply	supply and demand again Increasing the supply pushes the price down which puts less pressure on people to conserve, and therefore increases consumption. Going the other way, decreasing supply leads to price-hikes, second thoughts about SUVs, and corresponding decreases in consumption. So it really isn't as simple as a barrel pumped is a barrel not imported. Cheers, Ben "Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly." - [link\|http://www.nationalinterest.org/issues/58/Mead.html\|Walter Mead]
Post #66,540 by Ashton 12/4/02 12:10:10 AM Reply	Thank you.
Post #66,542 by boxley 12/4/02 12:15:43 AM Reply	ok what was the price of gas in 1973 when everyone went to rice rockets and what is the price now How many high paying manufacturing union jobs have we lost in the interval while we went to a "more fries" economy yet the public is still buying SUV's. Doesnt add up. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] Opera was the television of the nineteenth century:loud, vulgar and garish with plots that could only be called infantile. "Pendergast"
Post #66,583 by ben_tilly 12/4/02 7:58:37 AM Reply	It does add up Haven't had time to read it yet, but [link\|http://www.wtrg.com/prices.htm\|http://www.wtrg.com/prices.htm] has a discussion of historical gas prices. You will note that, for instance, the graph at [link\|http://www.wtrg.com/oil_graphs/crudeoilprice4797c.gif\|http://www.wtrg.com/...oilprice4797c.gif] shows that, adjusted for inflation, gas prices through the 90's were massively lower than they were in the 1980's. And the 90's are known for much more gas-guzzling cars than the 80's were. Cheers, Ben "Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly." - [link\|http://www.nationalinterest.org/issues/58/Mead.html\|Walter Mead]
Post #66,598 by boxley 12/4/02 9:38:22 AM Reply	wages for the common man are massivley lower also wealth transfer from bottom to top, union jobs swapped for walmart jobs etc. think it is about even from personal experience. thanx, bill will work for cash and other incentives [link\|http://home.tampabay.rr.com/boxley/resume/Resume.html\|skill set] Opera was the television of the nineteenth century:loud, vulgar and garish with plots that could only be called infantile. "Pendergast"
Post #66,754 by ben_tilly 12/4/02 7:08:19 PM Reply	Family income remained roughly constant But we did go from 1 family to 2, so average income also declined. However I would like to also note that a disproportionate portion of the gas consumption, etc comes from people who are relatively well off. Wealth transfer is potential consumption redistribution, not reduction. Cheers, Ben "Career politicians are inherently untrustworthy; if it spends its life buzzing around the outhouse, it\ufffds probably a fly." - [link\|http://www.nationalinterest.org/issues/58/Mead.html\|Walter Mead]

The snarky European syndrome - (marlowe) - (23) - Dec. 4, 2002, 10:39:23 AM EST

Editing, please. - (Brandioch) - (22) - Dec. 2, 2002, 01:41:30 PM EST

No, that's the definition of being responsible. - (marlowe) - (21) - Dec. 2, 2002, 05:56:40 PM EST

sorry that has been taken - (boxley) - Dec. 2, 2002, 07:52:07 PM EST

o/~ We are the world, We are the children o/~ - (Brandioch) - (18) - Dec. 2, 2002, 08:09:48 PM EST

So you changed your mind on oil drilling eh? - (boxley) - (17) - Dec. 2, 2002, 08:52:41 PM EST

*sigh* - (Brandioch) - (16) - Dec. 2, 2002, 09:27:22 PM EST

This Is All Horseshit - (deSitter) - (1) - Dec. 2, 2002, 11:54:41 PM EST

True, for animals. With animal intelligence. - (Brandioch) - Dec. 3, 2002, 12:25:26 PM EST

what yer math is worse than mine!!!! - (boxley) - (13) - Dec. 3, 2002, 12:55:21 AM EST

Try again. - (Brandioch) - (12) - Dec. 3, 2002, 12:29:29 PM EST

supply and demand - (boxley) - (11) - Dec. 3, 2002, 12:32:56 PM EST

Yes, in an extremely simplistic view. - (Brandioch) - (4) - Dec. 3, 2002, 02:56:14 PM EST

doesnt really matter does it? - (boxley) - (3) - Dec. 3, 2002, 03:03:50 PM EST

Again, you have incorrect assumptions. - (Brandioch) - (2) - Dec. 3, 2002, 05:00:57 PM EST

oh is that all - (boxley) - (1) - Dec. 3, 2002, 06:21:39 PM EST

Sure. - (Brandioch) - Dec. 3, 2002, 06:36:49 PM EST

supply and demand again - (ben_tilly) - (5) - Dec. 3, 2002, 06:37:35 PM EST

Thank you. -NT - (Ashton) - Dec. 4, 2002, 12:10:10 AM EST

ok what was the price of gas in 1973 - (boxley) - (3) - Dec. 4, 2002, 12:15:43 AM EST

It does add up - (ben_tilly) - (2) - Dec. 4, 2002, 07:58:37 AM EST

wages for the common man are massivley lower also - (boxley) - (1) - Dec. 4, 2002, 09:38:22 AM EST

Family income remained roughly constant - (ben_tilly) - Dec. 4, 2002, 07:08:19 PM EST

"Responsibility"___Heh__You social Darwinists are such fun! - (Ashton) - Dec. 4, 2002, 12:31:50 AM EST

iwethey.org

Somebody say, "Co-lom-bo!"
65 ms