tag:blogger.com,1999:blog-7169279.post1784623704409028444..comments2023-11-24T03:20:02.361-07:00Comments on Tufte's Economics Classes Blog - A Living Textbook: Oil PricesDr. Tuftehttp://www.blogger.com/profile/17397586052171706438noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7169279.post-70361226962577991352009-11-03T23:20:38.549-07:002009-11-03T23:20:38.549-07:00-1 on Daniel for a spelling error.
-2 on Rachel ...-1 on Daniel for a spelling error. <br /><br />-2 on Rachel for multiple errors.<br /><br />DO NOT BELIEVE THIS NONSENSE ABOUT SPECULATORS INFLUENCING THE PRICE OF OIL!<br /><br />This is a popular viewpoint in the media. It has been repeatedly examined and dismissed by economics experts.<br /><br />The primary reason is that oil is a fungible commodity with a lot of price volatility. In order Dr. Tuftehttps://www.blogger.com/profile/17397586052171706438noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-28248172366530132122009-10-28T17:49:05.732-06:002009-10-28T17:49:05.732-06:00Today higher Oil price is an interesting issue. I ...Today higher Oil price is an interesting issue. I think this is not good sign. Today in this recession oil demand decrease day by day but oil price increase day by day. I think there is no change in supply and demand law. In this case some factors effective like inflation, politics, and environment problem. Inflation is very effective for higher oil price at lower demand. Today Government pumpingRachelhttps://www.blogger.com/profile/16107843770770091694noreply@blogger.comtag:blogger.com,1999:blog-7169279.post-66609679193759873992009-10-26T13:13:59.725-06:002009-10-26T13:13:59.725-06:00Interesting point Kalie; a free market structure i...Interesting point Kalie; a free market structure is certainly not without its faults. The “invisible hand” is lauded for heightening competition and facilitating innovation, but this recession has certainly highlighted abuses that come with a “free market.” In fact, it can be argued that this recession was largely caused by the same phenomenon that is allegedly propping up oil prices – namely Danielhttps://www.blogger.com/profile/05374518172171101711noreply@blogger.com