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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

The Constitutional Court yesterday ruled that most of the amendments passed by the legislature expanding its power to oversee the executive branch of government are unconstitutional, including those that would have given lawmakers broader investigative powers.

The ruling dealt a blow to opposition Chinese Nationalist Party (KMT) and Taiwan People’s Party (TPP) legislators, who used their combined majority to push through the amendments to the Act Governing the Legislative Yuan’s Power (立法院職權行使法) and the Criminal Code on May 28.

The Constitutional Court found revisions that permit investigative committees in the legislature to request information from officials, military personnel and representatives of public or private entities to be unconstitutional.