2009 2nd warmest year on record

[ibis]

Hello ibis, sorry that is not right either.The third piece of information is 'demand' for that good.That is why you draw graphs..to get more information.As you can see from the graph if you put the price up you change the q that will be bought.Thats all you do ,you dont shift the position of the blue line..demand stays the same.If you introduce another factor eg another good that does the same job but at a lower price you will need to draw another blue line..you have changed demand.

I'm so not going over this again! There are some very simple things we should all be able to agree on, and if we say them without using the word "demand" then we can move on:

1. if the price of oil drops, people will buy more oil, and people will have no financial incentive to reduce their use/wastage of energy, or to use substitutes

2. if the price of oil rises, people will try to buy less oil, by either reducing their use/wastage of energy, or by using substitutes

3. In the absence of any other reason for adopting oil substitutes, people will only adopt substitutes when they are cheaper than oil

4. If oil supply falls, then people unwilling (or unable) to reduce their use/wastage of energy, or to use oil substitutes, will be prepared to pay more to secure supplies of oil, and the price will rise

A higher price of oil is therefore a market driver for reduction of use/wastage of energy, and a market driver for the market entry of substitutes. A lower price gives no financial incentive to reduce use/wastage, and may keep oil substitutes out of the market. Peak oil, which entails first a plateau in oil production and then a fall, despite rising global energy use, will drive prices higher, and therefore the creation and adoption of substitutes.

[SAT]

You have proven that you are ignorant on yet another topic.

Consumption is a function of demand, supply and price.
blah blah blah......

Rather than bother with a lengthy reply - suffice to say you are a fool!

Your attempt to argue your worthless half-baked opinions are superior to basic economic theory epitomises your ignorant approach to every subject you post about.

Arguing with an idiot who is too stupid to know he is an idiot is an exercise in futility and so I am not going to waste any more of my time on you.

[SAT]

I have to say, this thread was one of the more shocking ones I've read in this forum recently. I mean I generally expect all sorts of crazy scientific claims to be made here but I generally assume most of those same people have a reasonable grasp on economics (which is what's driving their skepticism in the first place).

Now I discover many posters don't even understand market signals or commodity markets in general and they think consumption is the one and only driver of supply.

Maybe I shouldn't be that surprised but I am.

I suspect the rich irony of this post is totally lost on you... lmao

[markjbloggs]

I suspect the rich irony of this post is totally lost on you... lmao

Irony is a commodity too, you know, just like coppery, oily, pork bellyyyyyy.....

[SAT]

Ooops, The 2nd hottest year EVER has just become the seventh warmest year in the 31-year satellite-based temperature record.

Powered by the El Nino, temperatures throughout 2009 were warmer than seasonal norms, making it the seventh warmest year in the 31-year satellite-based temperature record.

Year Temp Anomaly
1. 1998 +0.512 C
2. 2005 +0.338 C
3. 2002 +0.311 C
4. 2007 +0.282 C
5. 2003 +0.275 C
6. 2006 +0.260 C
7. 2009 +0.259 C
8. 2001 +0.198 C
9. 2004 +0.193 C
10. 1991 +0.117 C

http://reason.com/blog/2010/01/08/gl...re-trend-updat

[sharper]

Ooops, The 2nd hottest year EVER has just become the seventh warmest year in the 31-year satellite-based temperature record.

Speaking of irony, it is pretty funny that I said in a different thread some people were really silly enough to think they could just pick and choose whichever dataset gives them the lowest temperature at a particular point of time. Then you show up and do it.

[SAT]

Irony is a commodity too, you know, just like coppery, oily, pork bellyyyyyy.....

Yes with it's very own demand and supply curves

[SAT]

Speaking of irony, it is pretty funny that I said in a different thread some people were really silly enough to think they could just pick and choose whichever dataset gives them the lowest temperature at a particular point of time. Then you show up and do it.

Horror of horrors. You mean there are errors in some of the data sets?????????

Out of interest in your opinion which data sets should we believe/disbelieve and why?

Oh and just for your information you don't understand the meaning of the word 'irony' either

[ibis]

Speaking of irony, it is pretty funny that I said in a different thread some people were really silly enough to think they could just pick and choose whichever dataset gives them the lowest temperature at a particular point of time. Then you show up and do it.

Ah no, be fair - it's just that he doesn't understand that they're different datasets, and that there's variation between them. Why would he understand that, after all? He thinks they're all made up, or cogged from one original fake - why would they be different?

We should now get a rousing rendition of "if they're different, then clearly they're all wrong".

[sharper]

Out of interest in your opinion which data sets should we believe/disbelieve and why?

You should "believe" all of them.

If you went to 3 doctors and one said you have cancer with 5 months to live, one said you have cancer with 7 months to live and the third said you have cancer with 6 months to live which should you believe? The answer again is all of them - you have cancer and a range of 5 to 8 months to live.

Oh and just for your information you don't understand the meaning of the word 'irony' either

I understand the meaning of irony just fine, I used it in the same context as you did a couple of posts up as a segue into the point I wanted to make concerning your silly notion that if one dataset says 7th warmest while another says second warmest then you pick the coolest one as the "real answer".