well, D.D.

To: PEN-L@xxxxxxxxxxxxxxxx
Subject: well, D.D.
From: Michael Perelman <michael@xxxxxxxxxxxxxxxxx>
Date: Fri, 12 Aug 2005 11:44:02 -0700
User-agent: Mutt/1.2.5i

The Wall St. Journal also reports that the refinery problems are -- as
the paper says "counterintuitively" sparking rises in oil prices.  So,
the "noise traders" are pushing oil prices higher for no good reason.

Acutally, to the extent that the refinery problems reduce the
consumption of petroleum they should actually lower oil prices, albeit
very slightly.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu

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Thread context:
- New Gramsci scholarship?, Louis Proyect Sat 13 Aug 2005, 00:49 GMT
  - Re: [Marxism] New Gramsci scholarship?, Michael Perelman Sat 13 Aug 2005, 06:20 GMT
  - Re: New Gramsci scholarship?, Carl Remick Sat 13 Aug 2005, 12:41 GMT
- housing market, Michael Perelman Fri 12 Aug 2005, 19:34 GMT
- well, D.D., Michael Perelman Fri 12 Aug 2005, 19:34 GMT
  - Re: well, D.D., Daniel Davies Fri 12 Aug 2005, 20:58 GMT
- D.D. post, cont., Michael Perelman Fri 12 Aug 2005, 19:34 GMT
- healthy immigrants, michael perelman Fri 12 Aug 2005, 18:10 GMT
  - Re: healthy immigrants, Jim Devine Fri 12 Aug 2005, 19:12 GMT

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