tag:blogger.com,1999:blog-6616959642391988608.post1655427576411657972..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Clarification on gold (2)Scott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6616959642391988608.post-79372758555725348482009-06-19T10:54:50.249-07:002009-06-19T10:54:50.249-07:00sorry, I meant to say game changers on the "s...sorry, I meant to say game changers on the "supply side"Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65290252233275377652009-06-19T10:53:50.028-07:002009-06-19T10:53:50.028-07:00Scott-
I think you are wise to not draw any conclu...Scott-<br />I think you are wise to not draw any conclusions, oil is such a crazy animal. To begin with, due to its inelasticity of supply, oil is hyper sensitive at the margin to small changes in demand. While I do attribute some of oil's dearness this decade to easy US monetary policy I also attribute it to the fact that Chinese demand came rocketing out of the blue when they joined the Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.com