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In the discussion thread: Enough oil no longer the problem [View all]

Response to Nasty Jack (Original post)

Thu Jan 16, 2014, 07:47 PM

33. See: Elasticity of Demand

A lot I disagree with. But I'll focus on this one...
Eventually consumers could decide they can do without some of the oil products, especially at the prices gasoline has risen to
Sorry Jack, but this just is not likely to be true. Demand for oil is far to inelastic for us to think that demand for it will fall anytime soon. Our best bet is to invest heavily in further developing/improving renewable resources so that these better resources can drive out oil altogether. To think that demand for oil will change significantly as prices rise contradicts all the data we have seen to date

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Arrow 34 replies Author Time Post
Nasty Jack Mar 2013 OP
Champion Jack Mar 2013 #1
Nasty Jack Mar 2013 #2
Champion Jack Mar 2013 #7
Nasty Jack Mar 2013 #8
Spider Jerusalem Mar 2013 #3
Nasty Jack Mar 2013 #5
BlueStreak Mar 2013 #4
Spider Jerusalem Mar 2013 #6
BlueStreak Mar 2013 #9
Spider Jerusalem Mar 2013 #10
BlueStreak Mar 2013 #11
Spider Jerusalem Mar 2013 #12
BlueStreak Mar 2013 #13
Spider Jerusalem Mar 2013 #14
Socialistlemur Sep 2013 #25
BlueStreak Sep 2013 #27
Socialistlemur Oct 2013 #29
Socialistlemur Sep 2013 #26
Socialistlemur Oct 2013 #31
Spider Jerusalem Oct 2013 #32
Socialistlemur Sep 2013 #24
happyslug Mar 2013 #15
TooManyPeople Mar 2013 #16
golfguru Apr 2013 #17
markboxer Apr 2013 #18
golfguru Apr 2013 #19
Bay Boy May 2013 #20
Socialistlemur Sep 2013 #23
4dsc Aug 2013 #21
Socialistlemur Sep 2013 #22
PATRICK Oct 2013 #28
Socialistlemur Oct 2013 #30
LineNew Reply See: Elasticity of Demand
EconGreen Jan 2014 #33
Name removed Mar 2014 #34
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