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Contents contributed and discussions participated by David i

David i

Crises, Food Prices, and the Income Elasticity of Micronutrients:Estimates from Indonesia - 1 views

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    This article tells us that because the prices of foods as increased, there is poverty and malnutrition is countries like Indonesia. Two different types of surveys was taken in Indonesia before 1996 and immediately after the economics crisis in 1999. The result was that some food nutrients like iron and calcium was more than usual during the crisis years and and food nutrient like Vit C was almost nothing.
David i

The End of Elastic Oil - 1 views

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    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.
David i

World Gold Demand Jumps 11%, While Supply Falls 4% During Q1 - 0 views

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    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'.
David i

Rising Demand for Oil Spells More Price Pain - 0 views

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    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.
David i

Food Scaracity - 0 views

shared by David i on 19 Sep 12 - No Cached
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    This article talks about how the prices of food have increased in many countries around the world. In the past years the price of wheat was low, for example in May it was about $200 but in September the cost rose to $400, just within some months. Economists say that the prices of foods have increased continually since 1845. Food scarcity is also caused by the weather because if there is no rain in a country then the crops would not be able to grow well for example Australia. However, the wants for meats in countries like China and India is high and this also increases the demands for cereals. The cereals are used to feed the animals in this countries so that the country can have enough meats.
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