28 Dec '13, 1pm

#peakoil Peak demand: the sound of a single hand clapping: Speaking of “peak demand” about the present stasi...

#peakoil Peak demand: the sound of a single hand clapping: Speaking of “peak demand” about the present stasi...

But, then, what is exactly meant as “peak demand”? Economists talk about demand and supply, and then state that demand must always be equal to supply. Which is fine as long as you see supply and demand as qualitative terms that help you conceptualize a market situation. You could say, “if coffee were to cost 20 dollars per cup, I would drink much less of it “. Obvious. But the curious thing is that neither supply nor demand are measurable alone except in some rather special cases. They are two faces of the same coin: speaking of “peak demand” is a little like asking what’s the sound of a single hand (OK; I know that Bart Simpson has solved that on e, but let’s not go into that….). It is the same with “peak supply” that is a typical straw man for cornucopians who still tend to accuse peakers of saying that we will be soon “running out of oil”. We will not. Supply is determi...

Full article: http://peakoil.com/consumption/peak-demand-the-sound-of-a...

Tweets

#peakoil China’s auto affair drives oil demand: Every two seconds, somewhere across China a customer takes del...

#peakoil China’s auto affair drives oil demand:...

peakoil.com 29 Dec '13, 1pm

Every two seconds, somewhere across China a customer takes delivery of a new car — part of a consumer buying blitz that wi...

Blog: Elements of Sound: Rise Of The Red Knights

Blog: Elements of Sound: Rise Of The Red Knights

jonykt.com 29 Dec '13, 3am

‘Elements of Sound: Rise of the Red Knights’ is proud to present an epic music festival with electronic dance music stars....

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sensorsmag.com 27 Dec '13, 5pm

Global Demand for Elevator Equipment & Services to Reach $111 Billion December 27, 2013 Elevator technologies offer numero...

Tens of thousands of Cambodians rally to demand...

straitstimes.com 29 Dec '13, 10am

PHNOM PENH (Reuters) - Tens of thousands of Cambodian opposition supporters, backed by striking garment-factory workers, r...

Economics 101: Supply And Demand

thefinance.sg 30 Dec '13, 2pm

Economics 101: Supply And Demand by Lau on December 30, 2013 Recent news of GIC acquiring Blackstone’s interest in London’...

@Lyft more expensive than a typical #taxi durin...

yellowcabsf.com 02 Jan '14, 12am

Fare for trips exceeding 15 miles beyond city limits is 150% of the metered rate. Fare for trips exceeding 15 miles from S...

‘Conned’: a German view of #Ireland | Peak Oil ...

peakoil.com 06 Jan '14, 12am

Original introduction: Chancellor Merkel has “contempt” for Ireland’s bankers. But they are just one part of an elite that...