Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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katenip - "Basic economics. Demand will remain inelastic until alternative streams of supply are available ... Inelastic means rigid, why is this difficult to understand?"
Apologies, thanks for the confirmation.
Inelastic means rigid, why is this difficult to understand?
Why do you think Spain has issued decrees on heating , ditto France, ditto Germany?
Perhaps you are happier that Biden intends to put a price cap on Russian oil? That’s bound to work, not.
Keep reading the daily mail for your basic economics then. Fool.
katenip - "Basic economics. Demand will remain inelastic until alternative streams of supply are available."
I thought that in relation to the price elasticity of demand "inelastic" meant that changes in prices (e.g. falls resulting from, say, increases in supply) had little or no effect on demand?
So how does an increase in supply that results in lower prices then result in its elasticity of demand changing?
Should it read "Basic economics. Prices will remain high until supply increases because demand is inelastic"?
wrong katnip, the energy prices were already soaring due to covid zero policy in China reducing gas/oil industry use, the folly of printing money dating back to the credit crunch and then going mad with it during covid funding global furlough all contributing to large price predictions pre war. Putin took what he thought was going to be energy vulnerability and playing the zero carbon card against Europe also believing he had France and Germany in his back pocket as part of the anti-US new world order but got everything wrong.
The spot price was already jumping higher and then panicked believing all supply globally would stop.
The spot price is a futures market, not a current supply and demand like share price. Currently the bidding war to create the highest futures price for the headlines are simply bonkers at over £5000 per household energy bills. I doubt we will see anything like the £3000 predictions either, so it will settle back to a mere doubling and we will be great full. That is how all fuel and energy prices have been vastly overinflated to pay for all this zero carbon nonsense.
It has nothing to do with markets and is just part of the great climate change con which Putin thought he could use and it has backfired in a spectacular fashion. He has just thrown away a huge national income stream and left the country isolated and diminished.
oops!
“Nothing to do with the situation in Ukraine”…beg to differ . The cause is sanctions on Russian fuel exports…including gas. Supply shrinks + demand inelastic = price increases
Basic economics. Demand will remain inelastic until alternative streams of supply are available.
It’s got nothing to do with the situation in the Ukraine, gas sp was flying long before that. All charts and indexes were warning of a recession long before covid but governments carried on with the largest quantities easing projects in history putting us where we are now. A lack of investment and proper fiscal control is the reason for all inflation at the minute. He’s quite right about the urgent action though this could of been achieved years ago with Corbyn.
The Octopus chief executive, Greg Jackson, told the Guardian “urgent action” was needed and the tariff deficit fund was among the options the government should consider taking.
He said: “Because of the war in Ukraine, the UK is having to pay £51bn extra for its gas – the equivalent of 9p on the basic rate of income tax.
“Urgent action is needed to help people through this winter, whether it be a doubling of the existing government support scheme, freezing the price cap, or a private-sector initiative like the tariff deficit proposal.