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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (35498)8/17/2005 1:46:27 AM
From: kormac  Read Replies (1) | Respond to of 116555
 
The information is from

OPEC Review
Volume 27 Issue 1 Page 1 - March 2003
doi:10.1111/1468-0076.00121

Price elasticity of demand for crude oil: estimates for 23 countries
John C.B. Cooper

There is of course a great deal of variation county by county, but the numbers for the USA are:

USA -0.061 and -0.453
UK -0.068 and -0.182
Japan -0.071 and -0.357

These were for the period 1979-2000.



To: CalculatedRisk who wrote (35498)8/17/2005 1:47:00 AM
From: Chispas  Read Replies (2) | Respond to of 116555
 
Las Vegas thinks they need more gasoline pipelines ! .

casinocitytimes.com

Mish might want to explore this more and blog it...<G>