Quote:
Originally Posted by Butterfly  Fiction: Quote: |
Originally Posted by bkkandrew Butterfly claimed that production was rising in tandem with demand. | Fact: Quote: |
Originally Posted by Butterfly matched by a growing supply of oil, so the price at the end doesn't move really, | Quote: |
Originally Posted by bkkandrew 1990 - 66,425.64
1991 - 66,399.10
1992 - 66,563.94
1993 - 67,091.32
1994 - 68,588.09
1995 - 70,271.87
1996 - 71,916.75
1997 - 74,157.59
1998 - 75,654.07
1999 - 74,839.56
2000 - 77,762.11
2001 - 77,684.02
2002 - 76,994.98
2003 - 79,615.43
2004 - 83,124.28
2005 - 84,631.48
2006 - 84,597.11
2007 - 84,600.64 | |
Now, we can see that the number of cars in China has increased 53% from 2005 to 2007. Yet in the same period oil production has decreased by 0.036%. This significantly is the period of the large rise in oil prices.
So is Butterfly right that production is rising in tandem with demand?
Answers on a postcard etc., etc...
