Cisco Systems, Inc. (CSCO) Message Board

STOCKTALK

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.

Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 78.03

+0.8%

Nov 14 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: GVTucker who wrote (74405)	11/6/2007 4:26:24 PM
From: RetiredNow	Read Replies (1) of 77399

OT Absolutely. The term peak oil refers to the literal exhaustion of new sources of supply...not necessarily to the price elasticity of demand. We all know that when prices rise enough, eventually demand slackens for commodities as either new supply is found or substitutes become economically viable. We'll see that play out again this time around. The only question is whether we really have reached an oil supply peak that will never be exceeded again. That may drive some very interesting behaviors in the demand curve as well as the price of that commodity. For example, if supply has hit a peak and then demand doesn't taper off quickly enough as available supply decreases, you could have enormous increases in price, even as demand shrinks due to recession. Anyway, we live in interesting times. That's for sure.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next