QuixoticgeekOur world economy seems to depend on a single 40km wide bit of salt water not being used as a battlefield.
And people thought this is a good system...
David John Matthews@quixoticgeek l still don't understand what all the fuss is about when only 20% of energy comes from the Middle East, it's obviously a stock market scam to drive the price up and Trump is well invested in this scam, trying to make the price go up and down for his family and friends benefit with all his waffling about peace talks ect; Countries need to be smart and ruff it for a while and refuse to pay the higher price and make the oil and gas companies drop the price of their 80% of oil and gas.
sheddi@djmatthews @quixoticgeek
Price elasticity of demand.
How much does the price of crude oil need to increase such that demand falls by 20%? I guess we're all finding out in real time
@sheddi @quixoticgeek Demand is dropping as we speak, as my wife caught a bus to work today and will do so, until the price of drops, others are doing the same.