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Diaxde Volunteers

$100,000 per Barrel Oil

Please note that this is only an interesting thought experiment to illustrate the huge potential for oil’s price escalation.

Assumptions:

  1. Every percentage change of supply (while holding demand constant) or demand (while holding supply constant) results in roughly a 10 to 30 percent change in price. I heard that this tends to be the experience of long time commodities traders. Citation welcomed. But given that both the price elasticity of demand and supply for oil is very inelastic, this assumption sounds reasonable.

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When USSR Disintegration Meets Japan's Lost Decade

In one word – China.

The recent international media's reporting on suicides and labor unrest at the 400,000 employee Foxconn factory near Shenzhen got me thinking. Here are some gathered notes and musings:

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Newsflash

Police in Beijing rounded up dozens of followers of an underground Protestant church yesterday, a rights group said, as a widening crackdown on dissent appeared to spread to religious figures.

Police late on Saturday also detained Jin Tianming (金天明), a senior pastor of Beijing’s Shouwang church, an unregistered Protestant congregation, and other church leaders, before releasing them early yesterday, the US-based China Aid group said.

Jin’s detention came after the church called for an outdoor worship meeting following a similar gathering last Sunday that resulted in police rounding up nearly 170 church followers, most of whom were later released.