Truckers take it to the streets in Europe (will they ever do the same thing here inUS
- Thread starter JoMoDo
- Start date
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You have mentioned this before and I have yet to take issue with it, but you seem to keep reiterating this point.
I feel like I am typing the same thing over and over here.
Again, I have yet to suggest that as you say "actual" demand for oil has increased proportionally to the rise in prices.
I will state this for I believe the 4th time in this thread, the increase in prices is largely a result of indirect demand being created by investors on Wall St. The demand is indirect because they are not directly consuming the resource as someone who puts it in their car is.
However, whether or not they are actually using the resource, doesn't change the fact that what they are doing is influencing the demand side of the equation.
Just because they are speculating doesn't change the fact that their actions are influencing the demand side of the equation.
This is still an issue of unbalanced supply and demand regardless of what is the catalyst for the rise in demand.
Again see above. I have yet to suggest that actual demand has increased enough to warrant the current rise in price.
You are right, it is not the same. It is however still reflected on the demand side of the equation whether or not they are speculators or direct consumers.
That is the beauty of speculation, and our economic system. The truckers themselves could be buying oil futures to hedge against an increase in prices. The ability to speculate is not limited to Wall St.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BWK&date=20080508&id=8603919
Hopefully you understand now that I have never suggested that actual demand had increased proportionally to the rise in prices. If you go back in read all of my posts I explicitly say that the increase has been cause by “indirect demand” (since speculators are not direct consumers) or “the demand side is being artificially balanced”.
The truckers are still protesting supply & demand economics here.
The protest is illogical.
I feel like I am typing the same thing over and over here.
Again, I have yet to suggest that as you say "actual" demand for oil has increased proportionally to the rise in prices.
I will state this for I believe the 4th time in this thread, the increase in prices is largely a result of indirect demand being created by investors on Wall St. The demand is indirect because they are not directly consuming the resource as someone who puts it in their car is.
However, whether or not they are actually using the resource, doesn't change the fact that what they are doing is influencing the demand side of the equation.
Just because they are speculating doesn't change the fact that their actions are influencing the demand side of the equation.
This is still an issue of unbalanced supply and demand regardless of what is the catalyst for the rise in demand.
Again see above. I have yet to suggest that actual demand has increased enough to warrant the current rise in price.
You are right, it is not the same. It is however still reflected on the demand side of the equation whether or not they are speculators or direct consumers.
That is the beauty of speculation, and our economic system. The truckers themselves could be buying oil futures to hedge against an increase in prices. The ability to speculate is not limited to Wall St.
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=BWK&date=20080508&id=8603919
Hopefully you understand now that I have never suggested that actual demand had increased proportionally to the rise in prices. If you go back in read all of my posts I explicitly say that the increase has been cause by “indirect demand” (since speculators are not direct consumers) or “the demand side is being artificially balanced”.
The truckers are still protesting supply & demand economics here.
The protest is illogical.
Where did Isay that?
The least harmful fossil fuel is gas, next is oil, last is coal (lignite coal being the worst)
Cleanest plausible energy sources are sun and fusion. We have no time to develop the technology for latter and again no time (and maybe resources) to scale up the already existing technology for the former before the collapes unfolds (it has already started)
So we are doomed, yes
The problem is the short-term profit-seeking mentality that resulted in an infrastructure that is not only entirely dependent on oil but making it almost impossible to make a peaceful transition to a non-carbon economy. Add the population explosion, the low level of education and awareness of the situation of the vast majority of the 7billion people on this planet and you are in for a disaster
You see truckers protesting prices, how many of them are aware of the real reasons for them? Probably none.
Since the time it became clear that it will become 10, 20 and even more than that and this is just a matter of time
The least harmful fossil fuel is gas, next is oil, last is coal (lignite coal being the worst)
Cleanest plausible energy sources are sun and fusion. We have no time to develop the technology for latter and again no time (and maybe resources) to scale up the already existing technology for the former before the collapes unfolds (it has already started)
So we are doomed, yes
The problem is the short-term profit-seeking mentality that resulted in an infrastructure that is not only entirely dependent on oil but making it almost impossible to make a peaceful transition to a non-carbon economy. Add the population explosion, the low level of education and awareness of the situation of the vast majority of the 7billion people on this planet and you are in for a disaster
You see truckers protesting prices, how many of them are aware of the real reasons for them? Probably none.
Since the time it became clear that it will become 10, 20 and even more than that and this is just a matter of time