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Originally Posted by bkkandrew Quote: |
Originally Posted by Butterfly First, demand for oil is price elastic in the long term, not in the short term, as it takes time to adjust oil consumption habits. | It is not possible to state this, as for a large part, new technology is required for the conversion to take place. This technology has yet to be invented, implimented or funded. |
Another jewel for posterity, just in case you start claiming you were right all along and never said anything like that
