Renewable Revolution

Who coulda node? 

RE

http://charleshughsmith.blogspot.com/2016/10/the-nuclear-options-oil-pinned-below.html

What happens to demand for oil in a deep global recession? It tends to plummet, and unless production falls by the same amount, then price tends to plummet as well, as supply stays stubbornly higher than cratering demand.

These two nuclear options could strike the global economy even without any planning. Once the global economy tips into recession, oil may fall under its own weight and the dollar may gain ground as other currencies fall.

 

However, at the moment the oil predatory crooks and liars are following their time honored scare tactics to jack up the price of crude based on Hurricane Matthew's projected supply interruption.

As usual, they jack up the price BEFORE any damage has occurred and are slow as a snail in molasses to lower it when demand continues to evaporate. The fossil fuel industry CROOKS  have a cute term for this "phenomenon": They claim that prices are "inelastic" on the way down and "elastic" on the way up.     


Oh, the pliability of the English language.