On Sat, 25 Jun 2005 14:19:11 GMT, "Doug Kanter"
wrote:


"John H" wrote in message
.. .
On Sat, 25 Jun 2005 11:08:51 GMT, "Doug Kanter"

wrote:

"P. Fritz" wrote in message
...


Yeah......the evil bush tax cuts caused oil prices to rise.....LMAO


If this country became a war zone like Iraq, and a black market developed
for certain goods, do you think those things would be MORE expensive, or
LESS expensive than before the war?


That would depend on the demand and the supply. If the demand greatly
increased,
but the supply remained decreased or remained constant, then most likely
the
goods would be more expensive.
--
John H

Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic theories.

Well, if we assume the demand hasn't changed, and the supply has diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.
--
John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...
On Sat, 25 Jun 2005 14:19:11 GMT, "Doug Kanter"

wrote:


"John H" wrote in message
. ..
On Sat, 25 Jun 2005 11:08:51 GMT, "Doug Kanter"

wrote:

"P. Fritz" wrote in message
...


Yeah......the evil bush tax cuts caused oil prices to rise.....LMAO


If this country became a war zone like Iraq, and a black market
developed
for certain goods, do you think those things would be MORE expensive,
or
LESS expensive than before the war?


That would depend on the demand and the supply. If the demand greatly
increased,
but the supply remained decreased or remained constant, then most
likely
the
goods would be more expensive.
--
John H

Let's assume that it's something people normally want ALL the time,
John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past
several years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.
--

Unlike static liebral thinking

John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...


Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.

On Sat, 25 Jun 2005 16:32:50 GMT, "Doug Kanter"
wrote:

"John H" wrote in message
.. .


Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.

"From:
Suchita Vemuri
Staff Writer
2005-02-24 02:27:38 Hi Joseph, China's oil demand has been growing at an
average 7% since 1990, and while it's now the second largest oil consumer after
the USA, its consumption in 2004 was around six million barrels per day, against
a little over 20 in the USA. But if the current trend continues, China's
consumption is expected to equal that of the USA by the mid-2020s."

For stats and graphs go to:
http://www.nationmaster.com/graph-T/...&id=NAM&id=ASI

Is this what you'd call 'mythical demand'?
--
John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...
On Sat, 25 Jun 2005 16:32:50 GMT, "Doug Kanter"

wrote:

"John H" wrote in message
. ..


Let's assume that it's something people normally want ALL the time,
John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past
several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.

"From:
Suchita Vemuri
Staff Writer
2005-02-24 02:27:38 Hi Joseph, China's oil demand has been growing at an
average 7% since 1990, and while it's now the second largest oil consumer
after
the USA, its consumption in 2004 was around six million barrels per day,
against
a little over 20 in the USA. But if the current trend continues, China's
consumption is expected to equal that of the USA by the mid-2020s."

For stats and graphs go to:
http://www.nationmaster.com/graph-T/...&id=NAM&id=ASI

Is this what you'd call 'mythical demand'?

Is what's on that page the only number you consider important? Notice I said
"that page", not "that site".

On Sat, 25 Jun 2005 16:32:50 GMT, "Doug Kanter"
wrote:

"John H" wrote in message
.. .


Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.

Chinese oil consumption has accounted for nearly 40 percent of the growth in
global oil consumption since 2000. That rise in demand has come not from the
growing number of cars on China's roads but from energy-hungry power plants and
industrial boilers. Even if the country's economic growth slows, as many experts
expect, the rapid pace of urbanization will continue increasing China's oil
consumption, possibly doubling it within a decade.

From: http://www.energybulletin.net/414.html

Do you need more?
--
John H

"All decisions are the result of binary thinking."

On Sat, 25 Jun 2005 16:32:50 GMT, "Doug Kanter"
wrote:

"John H" wrote in message
.. .


Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.


Here's another, just in case you still believe in the 'mythical china' theory:

"Yang isn't the only one made uncomfortable by his globetrotting. CNOOC's
aggressive efforts to secure reliable supplies of oil and natural gas around the
world reflect just how strong China's thirst for fossil fuels has become.
Motorists bemoaning high prices at the pumps—oil rose to a record $55 a barrel
on Oct. 15, up 65% this year—can with some justification point an accusatory
finger toward the mainland. Its booming economy and burgeoning appetite for cars
and other modern conveniences have caused energy demand to soar. China's oil
imports doubled over the past five years and surged nearly 40% in the first half
of 2004 alone. These increases vaulted the mainland ahead of Japan and into
second place among the world's biggest oil consumers, behind only the U.S.

Of course, there are numerous other factors driving the price of crude, among
them supply hiccups caused by chaos in Iraq, political and economic turmoil in
oil-producing nations such as Nigeria and Russia, hurricanes in the Gulf of
Mexico, and fears of terrorism. "It is neither fair nor accurate to blame China
for most of the rise in oil prices," says Jeffrey Logan of the Paris-based
International Energy Agency (IEA). But with oil in short supply—currently,
producers are pumping just 1 million barrels more than the 81 million barrels
being consumed worldwide every day—growing demand from China is clearly having
an unwelcome impact. The country accounted for about one-third of the increase
in world oil consumption this year, more than any other single nation."

From:
http://www.time.com/time/asia/magazi...725174,00.html

Note, China's oil imports rose by 40% in the first *half* of 2004 alone!

Now, perhaps you'll be so kind as to show me the data supporting the 'Bush
deficit did it' theory.
--
John H

"All decisions are the result of binary thinking."

"John H" wrote in message
...

Of course, there are numerous other factors driving the price of crude,
among
them supply hiccups caused by chaos in Iraq, political and economic
turmoil in
oil-producing nations such as Nigeria and Russia, hurricanes in the Gulf
of
Mexico, and fears of terrorism.

Do you understand what they mean by "hiccups", how they're produced in terms
of commodity prices, and why the last 10 "hiccups" were never retracted?



Note, China's oil imports rose by 40% in the first *half* of 2004 alone!

Now, perhaps you'll be so kind as to show me the data supporting the 'Bush
deficit did it' theory.

Somebody else brought up the deficit theory.

Just whatch what happens when the Chinese buy out Unocal.....

"Tim" wrote in message
oups.com...
Just whatch what happens when the Chinese buy out Unocal.....


If that's allowed to happen, we should reinstate the firing squad as a
method of justice. But, that would empty out the Senate completely. Hmmm....