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This article describes how oil has become less elastic through the past years. It also discusses the balance between the scarcity of oil and the demand being supplied and the quantity demand. Oil is still in the ground, and it has been supplied frequently the past ten years, but there is some economical decisions to make to set the standard for the future of oil.

The demand of oil has been increasing over the past year which is playing a role on the demand and supply balance. Because the demand in oil is increasing, the price of the oil would also increase. It takes longer for oil to be drilled from the ground which causes the oil to take longer time and a change to the response in price. "In economic terms, the oil supply is becoming less elastic as new oil supplies come increasingly from unconventional oil." The demand for oil reflects on how much we need oil in our everyday life. Individual people can reduce the amount of oil they use by using public transportation, if where you want to go is close by. This saves gas and oil because you do not need your car and the bus would carry a lot of people.

This article describes the change in oil prices on the population. The article states that the supply of oil is becomming less elastic and therefore there is a increase in price. The way to win oil becomes harder, because deeper holes have to be made to extract it from the earth. The article furthermore looks into changes from an economical point of view. It looks at examples of what can be changed and where changes have been made.

The article relates more to monetary policies and demand-side policies but I believe that it can be connected to supply side policies. In fact, the government is spending a lot of money meaning that those money could be invested for supply-side policies. It doesn't say how much money the government will spend, but the increase in government spending could be related to supply side policies and an increase in the supply of products/goods and services.

This article talks about the increase in demand of gold and the amount of price paid to get gold between 2010 and 2011. The demand of gold increased by 11% from the first quarter of 2010 to the first quarter of 2011 while the price increased by 40%. The increase in demand directly increases the supply of gold because if people want it, the rate of mining would increases so that gold is available at all time. Also, the amount of money spent on the gold would also increase because gold does not grow and one day gold would finish. The people who sell the gold would therefore put additional money on the price of the gold to get their own profit. This process would however continue because every time gold is found, the amount of gold left in the earth reduces. This allows the seller to always increase the price of the gold which means that there can never be a balance between the price and the demand. As the demand of gold increases, the price of gold decreases and the amount of gold left on earth decreases. Looking at the chart in the article, we can see that if the demand of gold increases the supply of gold would also increase but there was a slight decrease in the years 2007 to 2009. The article states that 'China's total annual gold demand topped 700 metric tons for the first time ever last year and is expected to keep rising over the next decade'.

This article discusses how the car sales have been hurt in the past due to the recession. The article talks about how the private sector has become a bigger target for the car companies. The elasticity of supply has grown to fit this curve, causing the car companies to gain some more profit that they had in the past. The companies also began to target people that care more about the environment, selling many more low emission type cars. They had to adapt to what the demand was, causing their elasticity of supply to grow to fit many wants.

The article says that the number of cars sold in the past has decreased. However the market for cars has recovered. The articled shows how companies adapted to the changing needs of customers. Customers now want more fuel efficient cars and often buy them on the private market. This causes the elasticity of supply of these companies to increase because they quickly had to adapt to the new situation.

The article talks about declining aggregate supply in San Diego.

Aggregate production in the San Diego region, which peaked at 11.8 million tons in 1999, had dropped to just 4.5 million tons in 2009. The decline in aggregate supply in San Diego may be a problem once the economy is back at full steam.

Now, I'm not much of the political type but, when I saw this title, I have to admit it drew me in. After about the first five or six sentences you can tell this is an article from the far left of the political spectrum (that being the hardcore democrats), but what I found really interesting about this article was how it looked at supply-side policy as this conservative dooms day device, rather than a neutral policy that can be used to anyone's advantage. I still think it is a strategy with its pros and cons, just like monetary or fiscal policy, yet it is interesting to see how it might benefit one social group more than another and how its implementation can lead to many economic issues.

This article has no direct correlation to supply side of an economy, as it mainly talks about Cypriot economy's bank crisis - credit crunch, predictions on GDP and changing patterns of banking (limitations to every-day withdrawals from ATMs). But the reason I chose this article is that they should aim at increasing the production side of an economy and so aggregate supply, shifting the LRAS curve to the right, and, in addition to that, structural reforms of the economy which overly depends on the banking. Particularly, Cyprus should undertake interventionist supply side policies, such as investments in infrastructure - roads, railways, harbours, airports and telecommunications all serve to lower production costs of all economic agents in a country. Or perhaps investments in technology and industrial policies which would increase the productive capacity of an economy.

The article talks about the aggregate supply in San Diego. Over the last couple of years the aggregate supply decreased. The different causes are also explained in the article.

The article talks about how the company experiences extreme losses in revenue as they supplied a smaller quantity of flights. This can be related to elasticity of supply since as supply decreased, revenue did too.

These days, with an economy recovering from a slight collapse and people looking to alternatives to gasoline and coal, a shortage of oil is not very good for the fossil fuels industry. Yesterday, the Organization of Petroleum Exporting Countries announced that oil prices would remain stable, even in these times of uncertainty. With all the negatives of oil (the pollution, the wars it has caused, the danger it can put workers at to obtain, etc.) demand has started to decrease. But, petrol suppliers can't just increase their prices like the supply demand curves might predict because they don't want to risk scaring the remaining consumers into thinking the price of oil will only increase as more of it is used up. This has left OPEC and all of it's members in a bit of a pickle.

Gas prices increased in California about 0.39 cents between September 21 and October 7. To decrease prices Gov. Jerry brown ordered to make an early transition to winter-blend gasoline which evaporates more quickly. This move could increase supply by as much as 10% said Gov. Brown.

This article goes over the supply elasticities of many products seeing shortages after the hurricane in New York and New Jersey. It talks about the inelasticity of the PES for hotel rooms. The determinant for this is time period. More hotel rooms are needed, but they can't be built in a week. The article also talks about the price of gas, and how the demand for gas is almost perfectly inelastic, meaning that gas can be sold for a huge price. The article asks the question, should the scarce resources go to those who can pay the most for them, or those in line first? This goes with the moral question asked in the discussion of the reading.

This article talks about Lenovo's vision of growing demand for their 7-inch tablets. It suggests combinations of substitutes and complement goods, which has to do with the value of XED. They see tablets as competitors for large-screen smartphones (like Samsung S3), but also as something that will not replace traditional computers. So, value of XED in combination tablets - smartphones is positive, meaning that these two goods are substitutes, whereas the value of XED in combination tablets - computers is negative, meaning that these two goods are complements. Lenovo also suggests that they are prepared for the steady supply of high-resolution touch screens for which they see a bright future as components of computers. So, it is also about non-determinant of supply - expectation for future prices.

This talks about just what we read in chapter 19; that GDP increases if the supply does.

The article talks about the climate change and fossil fuels from an economic view point

This article is different than many others that are being bookmarked. It shows, through data, how supply-side policies aren't always effective.It is an interesting read, giving a new perspective to the readers perception of the policy.

Quarrying and aggregate supply firm Breedon believes profits will "significantly exceed expectations" after margins continued to improve in the final few weeks of last year. The company, which has its Scottish headquarters at Ethiebeaton in Angus, said market forecasts for the year look set to be significantly surpassed during a finish which escaped the disruptive influence of winter weather. We don't often think about how macro- and micro-economics can come together, but, for big companies, one is no more important than the other. Not only do you have to think about the margins and competition of your own market, but how your market is doing in general. It doesn't matter if your beating the other guys with a better price and more demand if that price is barely enough to cover what your supplying. On the flipside, your countries economy could be doing great and your factors of production most favorable but, if everyone's getting more benefit from those advantages than you are, it's only a matter of time before get too far a head. This article is a perfect example of where a European company has become enthusiastic about future profit predictions based not only on competition and margin but just on the welfare of the whole country in general

The Russian Economy is facing a decrease in economic growth, largely in part due to its inflation, and dependence on oil production (which accounted for 50% of revenue last year). In the future, with oil reserves depleted, the oil production will not be able to produce as much, and aggregate supply will be down. This poses a problem for Russia as the supply curve will shift left.

The article talks about topic covered already in the title, with some interest to the growth of industry of southern euro-zone countries and exacerbation of German and French production. So obviously, here I can refer to PPF where resources (also human capital) are being used more efficiently; here is the movement inside existing frontier or perhaps even outward shift with improved quantities and qualities of goods (especially capital). Nevertheless, economists still fear the euro-zone might fall in recession again if there are two quarters of consecutive fall (if the economy contracted). The market clearing price of many durable goods can be determined only to some extent, due to the presence of outside disturbance (fiscal and banking crisis - therefore always introducing new policies and bail-out deals). Another thing associated with the previous sentence and the article is the price mechanism (interaction of demand and supply) which allocates resources. Under unstable circumstances which are currently taking place in euro-zone, incomes are plummeting (falling GDP per capita) except for some particular periods of time when the economy meets actual growth, meaning that there is less demand leading to an inverse effect for producers. Normally, producers wish to supply more at higher prices, especially if income of people soars so they buy more of that goods. Therefore, higher prices do not present an incentive for producers to produce more. All the producers want to increase their producer surplus; but the trend is clear - towards maximized community surplus, since producers depend on consumers' utility.

This article talks about the increase in price of oil and the increase in demand for oil. Analysts said that the price of oil would increase as time goes and suppliers are trying to meet the demands of people. The cost of one barrel of North Sea Brent has increased and made a new record in both euro and pounds. 'Many analysts say the broader trend is that prices will continue to rise because of risks to oil supplies'. Oil supplies were slowed down in the late 1970's and early 1980's because of the war between Iran and Iraq. During global consumption, oil would increase in price by about 1.3 million barrels a day said by the U.S. Energy Information Administration. However, supply will fall by about 310,000 barrels a day.