Thread: Oil Tumbles as Signs of Slowing Economy Spur Commodity Selling

Originally Posted by bkkandrew

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

Originally Posted by Butterfly

Originally Posted by bkkandrew

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

So you have invented a replacement technology for mass use of oil then? I think we should be told!