John Ryden is an Engineer with a background in Finance and Economics. Here he will discuss how energy production, energy use, and conservation affect us and the rest of the world with a focus on the economic implications.

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Showing entries for Category: oil-subsidies

China Will Raise Fuel Prices

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June 19, 12:25 PM

by John Ryden, Global Warming Examiner

Our market economy has been sending us price signals that gasoline, diesel, and jet fuel are all becoming scarce. Higher prices should cause an increase in production and a decrease in demand to make supply and demand balance at a market price. When a large country like China subsidizes fuel prices, it distorts this self correcting market mechanism. Because demand stays constant, prices can be driven much higher. By letting Chinese consumers feel the pain of higher prices, they should adjust their demand downward. This should allow the market to find a new equilibrium at a lower price point.

I don’t expect prices to decline very much, but this will help. The biggest change might be in market sentiment, which will affect the speculators in the market. Now we just need to get our political leaders to understand the supply side of the equation and allow more drilling in this country.

Topics: China , oil , gasoline , fuel subsidies , energy prices , oil subsidies , elasticity of demand , Diesel , energy policy

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Further Government Cuts in Oil Subsidies Will Help Lower Oil Prices

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June 4, 10:32 AM

India and Malaysia announced that they are cutting oil subsidies, which will result in a rise in gasoline and diesel fuel prices in those countries. Indonesia earlier cut fuel subsidies. This will help increase the elasticity of demand and put at least... Read More
Topics: oil , gasoline , energy prices , oil subsidies , elasticity of demand