Russia cutting off oil?

[expat]

So expat's economic claim is patently wrong as illustrated by 2 examples that I provided.

I did want to get the steady-state view understood first, before going to the open system equilibrium.

Also, I do not seem to remember a time when I was ever called chappy, and then stayed around for more.

[AtW]

Also, I do not seem to remember a time when I was ever called chappy, and then stayed around for more.

Apologies Sir...

I did want to get the steady-state view understood first, before going to the open system equilibrium.

You, Sir, made an absolute statement that was absolutely incorrect.

I tried to help you out with Porsche example but you moved the wrong way - now deal with Wii case please: when it was released demand greatly exceeded supply and did so for a long time. How does that fit into your theory of demand always being equal to supply? It almost never equal - even for commodities prices for which move up and down (these days mainly up).

You might want to read up this book - I think it is the one we used in Uni, yes Russian 101 Uni used foreign book.

[Incognito]

Supply and demand can never be equal when it comes to oil. Opec deliberately manipulates the supply of oil into the energy markets. It is not in their interest to match the demand for oil as this would then reduce the cost of oil.

Linky