RT by @JavierBlas: If anyone is waiting for demand destruction to cap #gasoline prices, it won't happen any time soon. As world got wealthier, price elasticity of demand dropped to near zero which means that asymptotically price must go to infinity to generate any reduction in demand. #OOTT #oil
RT by @JavierBlas: If anyone is waiting for demand destruction to cap #gasoline prices, it won't happen any time soon. As world got wealthier, price elasticity of demand dropped to near zero which means that asymptotically price must go to infinity to generate any reduction in demand. #OOTT #oilIf anyone is waiting for demand destruction to cap
#gasoline prices, it won't happen any time soon. As world got wealthier, price elasticity of demand dropped to near zero which means that asymptotically price must go to infinity to generate any reduction in demand.
#OOTT #oil