THAT from a conservative?

Or rather from a conservative supported by mommy and daddy.

It’s fun when this Con turned progressive can take the cons to school.

Speculators don’t need much to motivate or demotivate.

Does increased supply reduce prices? Of course.
Will reduced demand have a similar effect? Sure.
Why not both?
Why not pursue alternative fuels?

For some reason, farmie is arguing with herself.

*shock*

It all goes on the world market, unless we plan to nationalize the oil industry and keep “our” oil off the world market and only on the US market.

…and wont the free market capitalists LOVE that!

Keynes must be rolling in his grave…

If everyone paid world market price and mark up, there wouldn’t be an oil crunch nor a huge price increase.

It’s the talking point for the day. nut boy just brought it here for us to show us he knows what he knows.

And, all things being equal, to show us that he doesnt know what he doesnt know.

http://sonoranalliance.com/?p=2718

You can deem demand to be unrelated, but it isnt unimportant. “All things being equal” doesnt happen in the real world.

Using the scientific method to derive, test, and verify hypotheses, requires the ceteris paribus assumption, that other factors be kept constant.

Although other factors are initially held constant with the ceteris paribus assumption, they are not necessarily held constant forever.

A critical aspect of economic analysis is to systematically relax the ceteris paribus assumption. In so doing, the specific effect of each ceteris paribus factor can be identified and analyzed.

Much like a chemist adds one chemical at a time to a mixture to determine the resulting reaction, an economist relaxes one ceteris paribus assumption at a time to observe the results.

In the real world, you cant hold the constants forever. Real world economics dont work that way.

But thanks for playing. We are impressed with your new dictionary of economic terms.

“Experimentally, the ceteris paribus assumption is realized when a scientist controls for all of the independent variables other than the one under study, so that the effect of a single independent variable on the dependent variable can be isolated.”

http://en.wikipedia.org/wiki/Ceteris_paribus

With complex subjects that happens about how often?

Never, you say? So, as usual, you are blowing crap out of your generous ass?

Oh, that was your point? Yeah, sure. Stupid and ugly – chances of remarriage float around zero, I would guess… But, he is not trailor-parky… at least the offensive narcissistic poster thinks not…

Except…

“The Hand” actually makes more sense than the cons have on economics today.

Well, EVERY day for that matter….

You cons always leave out the demand side that goes along with supply side. Supply doesnt exist alone. In economic terms, it ONLY exists in it’s relationship to demand.

Talk supply all you want. But if you dont also talk demand, at the same time, it’s useless.

WTF is so hard to understand about that?

How fast, and how far, will offshore drilling increase supplies in the US?

Then compare that with real and projected demand.

If you dont do BOTH things, then the discussion is just another “he said she said” with no valid conclusion.

But then, that may be what the cons want. When they cant prove their points, they just sow confusion.

And reap the resulting rewards. No action.

‘Cause ya know, they like things just the way they are…

Is it a coincidence that world oil prices have fallen steadily since the President removed his ban on offshore drilling? Possibly. Possibly not.

And it sure shows that these are the “big thinkers” the voters have let run the economy for the last eight years.

BTW, how’s that worked for us?

Like I said, deliberately obtuse. That goes for germie, paulie, anti and the whole hee haw gang.

They dont understand the simplest of economic principles. Just ideology.

just what we need for more years…

Since kfg has handed it to him and he previously could not find it with both hands?

Paulie? Meet your ass. Paulie’s ass? This is what you follow around all day!

Heheheheheheheheheheh!

I found some info on the discrediting of supply side economics on Kos. I’m not citing it. The NRO is just the Kos of the wingnuts.

Did you click the link, complete with graphs and equations that I posted earlier? Or did you just not understand all the math and science?

“SO.. you are in favor of interfering with the free market, the world market, and will support legislation that any oil produced in America STAY in America? You will forbid the sale of that oil in any nation OTHER than America?

Cool. Count me in. Otherwise, you are pissing up a rope thinking that drilling HERE will decrease prices HERE.”

Still no answer to that question?

how conveeeeeenient.

You do not know what the heck you are talking about, if you do not understand that point.

Also, YOU brought up Laffer first, on this thread, not me. Lighten up on the drugs, or get more sleep or something, but you are tripping out on us!

By the way, I read Kudlow and several other economists.

You should, as well:

http://article.nationalreview.com/?q=Yjc3YzNkMWY2ZmMxY2M2MmQzZWRlNzE4MDA3ZWJkMjc=

SO.. you are in favor of interfering with the free market, the world market, and will support legislation that any oil produced in America STAY in America? You will forbid the sale of that oil in any nation OTHER than America?

Cool. Count me in. Otherwise, you are pissing up a rope thinking that drilling HERE will decrease prices HERE.

“Tax revenues will be generated.”

I thought TAX issues were off topic?

IOKIYAAR

Nice job conflating tax revenue, oil production, and prices. Too bad it doesnt meet even the most simple smell test for logic or economics.

“You are making an argument against any new production, and this argument is based on what?”

PLEASE repost where I said that. I’m all for production. But not for drilling in areas that will irreparably harm the environment.

And I’m pointing out that your overly simplistic thinking that increasing supply is ALL we need to do to decrease price is nuts. Is that plain and simple enough for you?

WTF do YOU think will happen to demand? Yes, it’s gonna increase. WTF? Does any sane person think it will not?

You and yours have NEVER proven that you can, with offshore or anwar drilling, increase supply fast enough or far enough to bring prices down or even hold them steady.

And you continue the fallacy that demand doesnt matter. That is the mark of a HIGHLY uneducated and unthinking person regarding economics. Supply discussions only matter slightly more than MLB batting averages if you dont include demand and elasticity in the equation.

Case in point. The SUPPLY of misinformation and bullshit on this blog is high. But the demand, eh, no so much.

That’s what makes the discussion of the price of posts so stupid.

Just like your supply side economics that ignores demand facts.

jesus WEPT. I’ve had more intelligent discussions on economics with the chickens. Whe are DEMANDING that I SUPPLY their food right now. Otherwise?

The price of eggs around here is gonna go up.

BIG eye roll,….

“Please show us the charts and graphs and proof that increased tax rates always increase tax revenues.

Please show us the charts and graphs and proof that decreases in tax rates never increases tax revenues.”

Please repost where I said EITHER of those things.

I didnt. So why TF would I supply proof for something I never said and dont believe? The fact that you jump to an all or nothing position is telling.

It’s the mark of someone who doesnt understand economics from a math or science viewpoint. It’s someone who is an IDEOLOGY economist. Not a real economist.

But hey, if you cant refute what I’m saying with logic or proof, go for the outrage.

It’s a workin’ so well for you repukes this year…

You are making an argument against any new production, and this argument is based on what?

Have I said that conservation was a bad idea? No, I have not.

You are saying, I guess, that conservation, alone, and perhaps “new technology” can meet our needs?

Sorry, your rants are not coherent.

Are you suggesting that demand will increase?

Are you suggesting that demand will stay the same?

Are you suggesting that demand will decline?

Are you suggesting that additional production, in all three areas, would NOT be beneficial?

I guess my response is SO WHAT???

Increased production will provide downward pressure on price, no matter what demand actually does.

Increased production will keep prices lower, than they would have been, without the increased production.

If demand out paces supply, what is your point? Yes, prices will still rise, but prices will not rise as fast as they would have, without the additional supply.

Your pedantic point does NOT merit any discussion, for policy making purposes!

Who the hell cares about your, or anyone elses, prediction of future demand?

We WILL need oil in the future, and it makes great economic sense to produce our own!

Tax revenues will be generated.

You say you care about the deficit? How much worse would the deficit be, without all the tax revenue our various governments receive from the oil industry?

The employees on the drilling rigs also pay taxes.

What economic harm can possibly come from

Drill here, Drill NOW ?????