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284 comments on A State of Emergency

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DaveMart on June 25, 2008 - 9:52am Permalink | Subthread | Parent | Comments top

Without meaning to be rude, you do not seem to distinguish between a statement and an argument.
You state: 'global demand will always exceed production, and so there will be no demand destruction'
If so, why?
What would be the effect of, for instance, a run on the US currency so that it became effectively worthless - would this not reduce demand?
You also do not distinguish terms tightly enough even in your blanket statements: demand technically always matched supply, it does not exceed it or fall short of it.
The question is: at what price do they balance?
If the price were lower than today following major recession then the statement you make would not be true.

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cjwirth on June 25, 2008 - 6:28pm Permalink | Subthread | Parent | Comments top

U.S. demand can virtually collapse, and depletion will remain much the same. The U.S. is 1/4th the demand. As supply decreases, demand is progressively higher by comparison.

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284 comments on A State of Emergency

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