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Depends on the elasticity of the supply to price

Posted on: October 12, 2022 at 11:09:44 CT

tman MU

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M.O.B. Votes:

But yes, generally as you increase supply, assuming demand stays the same, price decreases.

But that isn't why we haven't recovered to prepandemic levels

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MESSAGE THREAD

Well behaved French citizens taking their turn at gas pumps. - BH O'bonga MU - 10/12 10:18:52

Eliminate government (nm) - Tigrrrr! MU

- 10/12 12:55:19

We are all in a "transition period" as we save the planet by - hokie VT - 10/12 10:34:14

RE: Well behaved French citizens taking their turn at gas pumps. - scan MU - 10/12 10:31:26

"Coming to an American city or town near you." - MizzouTigerz MU

- 10/12 10:30:29

When you shut down pipelines and refineries, refuse to - BH O'bonga MU - 10/12 10:39:26

RE: When you shut down pipelines and refineries, refuse to - KC rules MU - 10/12 11:03:51

oil production has increased under Biden - ashtray UF - 10/12 10:32:09

But isn't close to where it was. Why is that?(nm) - tman MU - 10/12 10:43:05

because increasing supply would bring the price and profit - JayHoaxH8r MU

- 10/12 10:47:28

Depends on the elasticity of the supply to price - tman MU - 10/12 11:09:44

KC rules has a pretty good grasp on the oil - JayHoaxH8r MU

- 10/12 11:15:42

We have supplied hydraulic parts to that industry forever - tman MU - 10/12 11:26:28

i would guess it's more about people - JayHoaxH8r MU

- 10/12 11:27:09

Russia-Ukraine is a border dispute. All involved in - TigerMatt STL - 10/12 10:40:56

How often in a border dispute does one side try to capture - KC rules MU - 10/12 11:57:30

Things don't happen in a vacuum, like you think. - MizzouTigerz MU

- 10/12 10:36:51

oh yes. I forgot they happen in a fantasy world that you - ashtray UF - 10/12 10:39:05

So you think the economic harm from China's Covid is - MizzouTigerz MU

- 10/12 10:42:08

Covid didn't hurt the economy. Your precious govt did (nm) - ashtray UF - 10/12 10:42:44

RE: oil production has increased under Biden - scan MU - 10/12 10:36:08

It absolutely has increased from the lows caused by Covid's - KC rules MU - 10/12 10:46:55

you're arguing with a troll - ashtray UF - 10/12 10:50:23

oil production has increased under Biden: When you have no - BH O'bonga MU - 10/12 10:41:37

says the guy getting welfare for his farm (nm) - ashtray UF - 10/12 10:43:19

you must be - ashtray UF - 10/12 10:38:16

RE: oil production has increased under Biden - JayHoaxH8r MU

- 10/12 10:37:35

It was at 13,100 in February 2020, when China's economic - MizzouTigerz MU

- 10/12 10:47:01

And your point is? - KC rules MU - 10/12 10:56:28

This is October 2022, which isn't overnight, by any - MizzouTigerz MU

- 10/12 11:32:30

Biden's inauguration did not coincide with the end of covid - KC rules MU - 10/12 12:14:31

Those areas (Atlantic/Pacific) are already off limits - KC rules MU - 10/12 11:44:02

November 2019 it was 12,900 stayed level in December - MizzouTigerz MU

- 10/12 11:21:47

Fair enough. I am looking at EIA data as well and it shows - KC rules MU - 10/12 11:27:03

My point is that blaming it all on Trump, and ignoring - MizzouTigerz MU

- 10/12 11:39:44

High oil prices are not Trump's fault either. - KC rules MU - 10/12 11:49:15

RE: High oil prices are not Trump's fault either. - MizzouTigerz MU

- 10/12 12:33:46

the only context is that you are a dishonest POS - ashtray UF - 10/12 14:41:12

It's gone up under biden - JayHoaxH8r MU

- 10/12 10:51:52

Not to pre-Covid levels. - MizzouTigerz MU

- 10/12 11:17:40

Why is it certain types of people refuse to admit - JayHoaxH8r MU

- 10/12 11:23:42

It's because you refuse the wisdom of the Holy One of Israel - MizzouTigerz MU

- 10/12 11:41:56

I enjoy the Beastie Boys - JayHoaxH8r MU

- 10/12 11:56:07

It’s what a liberal run world looks like. (nm) - Outsider MU - 10/12 10:21:10