Comments on: Oil Falls as Demand Worries Outweigh Prospects of OPEC Cut http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html Sun, 22 Nov 2009 21:02:38 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: mxq http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22651 mxq Wed, 22 Oct 2008 16:19:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22651 <a HREF="http://africa.reuters.com/energyandoil/news/usnLM419119.html?rpc=401&" REL="nofollow">Nigeria</a>: "We're not cutting. We need the revenue. Why don't <i>you</i> cut?"<br/><br/>The dreaded prisoners dilemma... Nigeria: “We’re not cutting. We need the revenue. Why don’t you cut?”

The dreaded prisoners dilemma…

]]> By: john bougearel http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22649 john bougearel Wed, 22 Oct 2008 16:13:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22649 Yves, <br/><br/>Excellent, no scratch that, outstanding post!<br/><br/>You just get better every day don't you? :-) Yves,

Excellent, no scratch that, outstanding post!

You just get better every day don’t you? :-)

]]> By: William Mitchell http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22641 William Mitchell Wed, 22 Oct 2008 15:25:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22641 Elasticity appears to have been unexpectedly high in the US, as well. The abruptness reaction of declining vehicle miles, and the speed of transition from Escalades to Accords, came faster than in the 70s. Elasticity appears to have been unexpectedly high in the US, as well. The abruptness reaction of declining vehicle miles, and the speed of transition from Escalades to Accords, came faster than in the 70s.

]]> By: larryang http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22629 larryang Wed, 22 Oct 2008 14:33:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22629 Anyone know of studies with numbers and figures on the effects of the decrease and/or removal of gasoline subsidies in China, etc.?<br/><br/>Removal of the subsidies would cause the demand to react faster to price. Anyone know of studies with numbers and figures on the effects of the decrease and/or removal of gasoline subsidies in China, etc.?

Removal of the subsidies would cause the demand to react faster to price.

]]> By: eh http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22594 eh Wed, 22 Oct 2008 09:31:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22594 Oil and the dollar -- two of the most interesting things to watch right now. Oil and the dollar — two of the most interesting things to watch right now.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22592 Anonymous Wed, 22 Oct 2008 09:09:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22592 The cival unrest around the world could get might ugly in the not too distant future. The Shah of Iran could easily get thrown out! The cival unrest around the world could get might ugly in the not too distant future. The Shah of Iran could easily get thrown out!

]]> By: Anonymous http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh.html#comment-22590 Anonymous Wed, 22 Oct 2008 07:19:00 +0000 http://www.nakedcapitalism.com/2008/10/oil-falls-as-demand-worries-outweigh-prospects-of-opec-cut/#comment-22590 I know I'm stating the obvious, but demand in emerging markets is relatively elastic because of the high relative price of oil compared to salaries in those countries. When oil prices peaked, many people in emerging markets were spending 50% of their income on gasoline. In some countries, this triggered significant conversion of vehicles to LNG. I know I’m stating the obvious, but demand in emerging markets is relatively elastic because of the high relative price of oil compared to salaries in those countries. When oil prices peaked, many people in emerging markets were spending 50% of their income on gasoline. In some countries, this triggered significant conversion of vehicles to LNG.

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