Politics of Energy Message Board

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Politics : Politics of Energy

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To: Hawkmoon who wrote (1776)	8/18/2008 3:20:04 PM
From: TimF	Read Replies (1) of 86356

That's only correct when trade is balanced. No, that's correct under all circumstances. Its correct by definition. OTOH it may just be a case of the definition not containing the meaning that you want to express, and the meaning itself being meaningful, whether or not the word is correct. You would have to express the argument another way for it to be clear. Furthermore I'm using transfer as an economics term of art. In more general use, being a purchase wouldn't prevent it from being a transfer. When I buy groceries, I "transfer" funds to the grocery store, even though I am paying for something rather than just handing over money. But then either as an economics term of art, or by any normal everyday definition of purchase, the oil is being purchased here. Balance of trade is entirely irrelevant to that point.

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