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A comment on Wherever oil goes, the stock market goes. Parent comment

Re:Wherever oil goes, the stock market goes by grandalf on Monday February 15, 2016 @11:01AM (#11104017)
consider this simple proof:

price is a function of supply and demand.

oil prices are low because demand for oil is low

oil is an input into nearly every aspect of the economy

thus low demand for oil could imply low demand for goods for which oil is an input (it could also reveal some kind of major efficiency improvement or the presence of some substitute for oil (or an increase in the supply of oil).

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Re:Wherever oil goes, the stock market goes by ZanyProgrammer on Monday February 15, 2016 @11:04AM (#11104045)
Or oil prices are low because the supply of oil has increased.
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Re:Wherever oil goes, the stock market goes by ajmurmann on Monday February 15, 2016 @11:36AM (#11104230)
Yeah, I thought it was pretty established that even before sanctions against Iran had been lifted production already had gone up especially in the US through fracking.
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Re:Wherever oil goes, the stock market goes by grandalf on Monday February 15, 2016 @12:41PM (#11104689)
that could also be the case. Or the increase could be a combination of changes in supply and changes in demand.
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Re:Wherever oil goes, the stock market goes by tosseraccount on Monday February 15, 2016 @12:39PM (#11104683)
False assumption in a proof?
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