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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


Antinuclear activists on Ketagalan Boulevard in Taipei yesterday bow to supporters after calling an end to their protest following former Democratic Progressive Party chairman Lin I-hsiung’s announcement that he had ended his hunger strike against continuation of the Fourth Nuclear Power Plant.
Photo: Fang Pin-chao, Taipei Times

Former Democratic Progressive Party (DPP) chairman Lin I-hsiung (林義雄) yesterday afternoon announced the end of his hunger strike against the continued construction of the Fourth Nuclear Power Plant and said he was grateful for the “phenomenal antinuclear effort” of Taiwanese over the past two weeks.

Lin said he would continue to fight what he called the injustice of President Ma Ying-jeou’s (馬英九) administration.