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What factor has the greatest influence on elasticity?
Demand...
When is the demand for cracking the greatest?
when your mom says it is haha
Where can I find demand forecasting reports for crude oil?
http://omrpublic.iea.org/ has a general outlook on oil demand, including pricing.
Will a self seeking oil producer conserve oil for future?
Oil producers merely meet demand. If they produce more than the demand requires, prices go down. Conservation is really a demand issue, not a production issue.
When is the deadweight loss the greatest?
when both demand and supply are elastic
What is the greatest demand on freshwater supplies?
Agriculture accounts for 78%
What lead to oil embargo by OPEC?
OPEC wanted to raise the price of oil, so they used the supply /demand theory to get what they wanted. They held back the oil and raised the demand for it.
Why would a shortage of OPEC oil at current market prices increase oil prices?
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
Why is greatest demand for land use in CBD?
offices tertiary industry
Why have the oil prices raised?
Because of ever expanding demand, it makes it harder OPEC to sell us enough. As demand for oil increases so do the prices.
How is the future cost of a barrel of oil calculated?
The future cost of a barrel of oil is calculated by examining projections of how much oil is available as compared to how much oil is being used or is in demand. Prices spike when the demand for oil exceeds its availability, from all sources.
What state is the greatest oil producer?
Texas has the most oil.
