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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


Former vice president Annette Lu, first right, accompanied by Democratic Progressive Party city councilors, speaks at a press conference in Taipei yesterday in which she launched a petition for a nuclear referendum to oppose the government’s own proposed referendum.
Photo: Wang Min-wei, Taipei Times

As part of ongoing opposition to the government’s nuclear policy Former vice president Annette Lu (呂秀蓮) yesterday launched a petition in Taipei for a nuclear referendum to decide whether fuel rods should be inserted into the Fourth Nuclear Power Plant in New Taipei City’s (新北市) Gongliao District (貢寮).

Lu, joined by several Democratic Progressive Party (DPP) Taipei City councilors, said the Taipei City Council passed a regulation on civil referendums in Taipei, and she expected to collect 15,000 signatures in the city for her proposed referendum to be approved.