tag:blogger.com,1999:blog-8104213639444546557.post5131098746933182252..comments2023-09-17T11:29:46.085-04:00Comments on People and Resources: WhoaRhttp://www.blogger.com/profile/00382535839751044401noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8104213639444546557.post-15730692130057379682011-05-10T08:15:12.045-04:002011-05-10T08:15:12.045-04:00I mean temporaryI mean temporaryA Barrel Fullhttp://abarrelfull.wikidot.com/noreply@blogger.comtag:blogger.com,1999:blog-8104213639444546557.post-86393848397573064842011-05-06T22:37:17.083-04:002011-05-06T22:37:17.083-04:00When you say "demand destruction", are y...When you say "demand destruction", are you talking about temporary reduction in consumption due to high prices, or permanent shifts in favor of substitutes (like we saw with power generation moving away from fuel oil in the 1970s)?Rhttps://www.blogger.com/profile/00382535839751044401noreply@blogger.comtag:blogger.com,1999:blog-8104213639444546557.post-72577006833732434512011-05-06T02:45:09.235-04:002011-05-06T02:45:09.235-04:00We are seeing demand destruction in our market due...We are seeing demand destruction in our market due to the high price of oil. I guess that the negative data confirmed fears that this was happening.<br /><br />Ironically on the same day, there was news that Iraq was to downgrade its crude production targets. Long term this means higher prices.A Barrel Fullhttp://abarrelfull.wikidot.com/noreply@blogger.com