The Oil Drum | Perhaps we are getting a little more attention

125 comments on Perhaps we are getting a little more attention

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alistairC on April 26, 2006 - 10:38am

Gee I wish I could understand that:
Demand is INCREASED by higher oil prices.
The economy is not slowed by it.

I truly don't understand how this works. I mean, my own discretionary spending diminishes. The extra money I'm spending on gas is somehow being recycled to my benefit?
Anyone care to light my lantern on that?

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ET on April 26, 2006 - 11:13am

The issue is one of more dollars in the third world (oil exporting) economies stimulates worldwide economic growth more than high prices depress it. McKillop has pretty impressive data to back it up.

http://www.energypulse.net/centers/article/article_display.cfm?a_id=1019

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smekhovo on April 27, 2006 - 3:21am

Now that is a good example of theory actually listening to practice, instead of shouting it down.

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125 comments on Perhaps we are getting a little more attention

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