<DrumBeat: October 5, 2006 The Oil Drum Mayor Bloomberg's Green Push>

83 comments on A Look at the EIA Revision Pattern

Comments can no longer be added to this story.

| Show without comments | PDF version

elwoodelmore on October 5, 2006 - 8:28pm Permalink | Subthread | Parent | Comments top
right  what happen to opec's $ 28 price target of a few yrs ago  certainly part of it is explained by us dollar devaluation  but the price target was supposed to be a price at which demand wouldnt slacken and everybody would be happy      maybe opec has been reading the msm  which is telling the gullible public that high oil prices have had a minimal effect on the economy  
Comments can no longer be added to this story.
Hothgor on October 5, 2006 - 10:13pm Permalink | Subthread | Parent | Comments top
Back in the late 90's and even until very recently it was widely believed that for every $10 increase in oil prices the GDP of the world would decline by about .5%.  Of course this proved to not be the case.  Pegging oil to a range is silly: producers should try to maximize long term profits.
Comments can no longer be added to this story.
elwoodelmore on October 6, 2006 - 3:52am Permalink | Subthread | Parent | Comments top
either that or inflation has been disguised as gdp
Comments can no longer be added to this story.

83 comments on A Look at the EIA Revision Pattern

Comments can no longer be added to this story.

| Show without comments | PDF version