^ would you care to answer the question instead of jumping around like a clueless monkey ? again you failed to address the issues or my arguments that oil demand is inelastic because it's a necessity. I think you are confusing elasticity and inelasticity. If oil is not fully available, then the price elasticity of supply is 0, therefore the supply curve is vertical and completely INELASTIC. Only changes in demand determines the price of oil, as quantity can't change or supply is very limited.
I think I have demonstrated beyond any reasonable doubt that you are a clueless monkey trying to be right at all costs. You haven't demonstrated one bit any of your arguments, except hurling half truth, and flawed opinions. You have no arguments or logic except the usual crap you hear on the news or daytrader blogs.
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Originally Posted by bkkandrew people have been referring to the fact that the price is elastic relating to oil in the short term, as oil and its byproducts are essential to life |
People ? what people ? blogs ? clueless news report ? please enlighten me ?
Try to continue this debate in an educated manner, with your own words, not news clip or half truth you are cutting and pasting without understanding their meaning.
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Originally Posted by bkkandrew so you admit being 100% out on your maths then. Good, thats a start. Hopefully soon you will admit being 100% wrong on most other things. |
Not I wasn't. Just that your number wasn't significant enough to change my argument. You can't be that stupid or clueless. Or did I stroke a nerve again ?
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Originally Posted by bkkandrew Arse about ladyboy tit here Butterfly. |
Now you can go back drinking as this seems to be the only thing you seem to be good for,