tag:blogger.com,1999:blog-9081417129394459219.post7561516399816073993..comments2023-11-02T10:57:59.221-04:00Comments on Meandering Economics: Are even the rich changing behaviour?Canadian Economisthttp://www.blogger.com/profile/12838252751966821405noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9081417129394459219.post-78027478848415034552008-09-06T15:04:00.000-04:002008-09-06T15:04:00.000-04:00Great questions Matthew! With respect to the first...Great questions Matthew! With respect to the first question, both consumers (demand) and producers (supply) play a important role. However, as you suggest, because the production side is much more volitile, changes in supply (and/or speculation about supply) has been a point of focus for traders. Furthermore, in the very short-run, consumers can do very little to change behaviour. Although, over Canadian Economisthttps://www.blogger.com/profile/12838252751966821405noreply@blogger.comtag:blogger.com,1999:blog-9081417129394459219.post-31748715252207936622008-09-01T22:39:00.000-04:002008-09-01T22:39:00.000-04:00do you think that it's individual consumers that a...do you think that it's individual consumers that are driving oil prices, doesn't industry have a larger effect on prices? And when it comes to world oil prices aren't growing economies consuming more?Anonymoushttps://www.blogger.com/profile/15050752722238354592noreply@blogger.com