tman inv@lid wrote:
wrote:
Larry Dighera wrote:


"No single raindrop believes that it is responsible for the flood."
http://www.despair.com/ir.html

How poetic and utterly useless.

Perhaps, but heygiven the price inelasticity of demand (and supply) that
is causing the recent serious uptick in oil prices, a 1% decline in
demand ought to well have significant impact on prices.

If everyone in the US converted their oil heat to something else, I doubt
it would result in anywhere near a 1% world-wide drop in consumption, but
I'd have to do the numbers.

Besides summer is coming and people are starting to shut off the heat.

Do you see any decline in prices?


--
Jim Pennino

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