Blog > Archive by tag 'demand destruction'
 | Email This Article Email This Article  | 

Dollar Bear: Oil Prices and Demand Destruction

July 11, 2008 · Filed Under Oil and Energy · Comments 
“Many on Wall Street are cheering the possibility that further “demand destruction” will ultimately lead to significantly lower oil prices. After all, this is basic economics. Prices are a function of supply and demand, and as demand drops, prices must follow. This is simple logic, wrongly applied.” [...]

Tags: , , , , , , , , ,