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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (1517)8/13/2008 2:50:21 PM
From: J_F_Shepard  Read Replies (2) | Respond to of 86355
 
"There is no good reason to assume that an increase or decrease in supply or demand of 10% will have a 10% effect on price. It could have a very small impact on the price, or it could cause the price to go up several hundred percent (or more in some more narrow cases)."

From first principles there is ample reason.....you(or Brumar) just said Americans have driven 3-4% less in the last year and gas prices have dropped 3.75%