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To: Tublecane; Old Sarge
When supply goes down, demand has to go down, otherwise the market doesn’t clear appropriately.

Wrong.

(I'm talking about actual demand, not demand affected by supply.)

39 posted on 09/12/2008 2:09:14 PM PDT by unspun (Mike Huckabee: Government's job is "protect us, not have to provide for us.")
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To: unspun

I speak carelessly, of course. What I probably should have said was that when supply goes down people have to buy less, otherwise the amrket does not clear properly. But I think we can both agree, the point of raising prices is to lower demand, and that lowering demand is a good thing when there isn’t enough gas to go around.


43 posted on 09/12/2008 2:12:43 PM PDT by Tublecane
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