will discourage aggregate demand.
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.
Because world wide demand would still continue and demand or even the percieved demand is what controls the market.
Demand influences supply. When there is high demand for items, supply is lower, thus increasing the cost. When there is low demand, supply is high, thus decreasing costs.
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.
will discourage aggregate demand.
Vineyards go out of business.
Of course. Fossil fuel reserves are slowly but steadily decreasing.
Solar powerhouses help the environment by decreasing the waste of electricity, by decreasing the waste of energy, by decreasing the waste of gas, by decreasing car danger levels, by decreasing the number of pollution, by decreasing the waste of human lives, by lowering fuel prices, by lowering oil prices and by stopping the waste of oil.
Solar powered cars help the environment just by decreasing the number of pollution, by decreasing energy waste, by decreasing, by lowering gas prices, by decreasing the waste of electricity, by decreasing poison air, by decreasing car danger levels and by decreasing oil prices. Solar cars also help stop the use and waste of oil and they also help keep the air clean and protected!
With oil there are two factors that come into play. Demand and amount available. Because oil is non renewable (at least the oil in the ground, it can also be created from other sources), the amount available is always decreasing. Demand, however, still goes up. As the oil becomes harder to find and more difficult to extract, the oil is going to be more expensive in order for the companies to make a profit.
decreasing demand for luxury goods from the Far East
the rule defines whether we have to arrange in ascending order or the decreasing order as per demand
http://omrpublic.iea.org/ has a general outlook on oil demand, including pricing.
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.
By allowing oil companies to drill for oil the President with the consent of congress can increase the supply of oil, thereby decreasing the price of oil and gasoline.
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.