SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Deflation

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: jwk who wrote (43)1/9/2000 5:48:00 PM
From: jwk  Read Replies (1) of 621
 
The author of this 9/99 article tells those worrying about deflation in the oil industry to relax:

ft.com

>>>...But oil prices have always held above the costs of the incremental barrel that would be needed to meet demand when all extant capacity is used. In oil it is price that determines the cost of the incremental development, not the marginal cost that determines prices. Oil companies ought to count their blessings that things are not the other way round. ...<<<
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext