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Lydia Georgieva

Oil falls back below US$70 even as dollar weakens -- Shanghai Daily | 上海日报 --... - 0 views

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    The scarcity of goods mentioned in this article such as oil, gold, and natural gas is what dictates modern trading and prices. The scarcity of these goods combined with their importance to us makes them very desirable, and because of the scarcity, our unlimited desires cannot be fulfilled. However, even though the dollar weakens, the weakening of our want for oil still lowers the price of it. An interesting phenomenon, no?
Lydia Georgieva

China rolls back gas pump prices by almost 3% - 3 views

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    Please, remind me in your PT whose article was this one. Thank you.
Lydia Georgieva

Elasticity! Why cutting gas taxes wont lower prices, but will fatten oil companies - 4 views

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    This discusses the benefits and faults of tax cuts and whether they will lessen the burden on consumers; "elasticity of gas supply is even lower, much lower than elasticity of demand." And the comments were fairly interesting
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