Sep 23rd 2012, 18:27:54
I think we will agree to disagree then.
Oil is elastic. But it is not as elastic as other goods like tech points in the first 5 weeks of primary. People WILL grab less if oil is higher priced, do less SSes and more PSes, seek out O-allies to help lower oil costs, keep grabbed rigs, and even potentially build some rigs.
All of the above help to reduce the amount of oil that players need to buy from the public market (reduced demand), and are direct consequence of increasing oil prices, thus oil is elastic.
Oil is elastic. But it is not as elastic as other goods like tech points in the first 5 weeks of primary. People WILL grab less if oil is higher priced, do less SSes and more PSes, seek out O-allies to help lower oil costs, keep grabbed rigs, and even potentially build some rigs.
All of the above help to reduce the amount of oil that players need to buy from the public market (reduced demand), and are direct consequence of increasing oil prices, thus oil is elastic.