Alright?

The crude oil price is falling further.

Crude oil has been falling in price.

(GUNSHOT)

Today as the spike in the price of oil

You know what happens at that point?

It's not about low cost.

Thank you.

It has been made possible, by the way, for certain other different reasons.

So, I went online again and I looked at what an optimal sensor would look like.

And finally, American families also pay a price for oil.

Look, Pat, First Rate got that contract fair and square.

And so, we're in a wonderful situation with electricity in the rich world.

As oil prices go up, energy patents go up.

One of the things that we've got to do is to stabilize oil prices.

Because you're getting the same earnings for a lower price.

look it's energy, not oil, which counts.

The oil is priced off the margin.

So if you expect if before you thought prices were going to be roughly constant, and now you expect them to go down, now you are gonna say wow,

If prices go down a little bit, it doesn't affect people's behavior in aggregate.

The oil companies increased the price of gas again.

Well, let's put a tax on oil that is a non revenue tax, and it basically says for the next 20 years, the price of oil will be whatever you want, 35 bucks, 40 bucks.

There is no free market for oil.

But then, these are inputs into a whole set of things.

And the cost of a transistor cycle, which is a measure of the price performance of electronics, comes down about every year.

And this comes back to what we talked about in the last video.

So if I had one closing and modest suggestion,

I love Lego Mindstorm, is which a wonderful way to experiment with these things.

Software can do it faster.

Just to move one person from one place to another.

An 80 cent gallon means, if the entire Pacific would convert to crude oil, and we'd let any oil company bring it out and refine it, they still can't compete with two cents a mile.

But he's come so far! Very, very charming!

And Sheikh Zayed did that in a fairly good way.

So let's look at possible theories.

Do Low Interest Rates Ensure High Asset Prices?

That would power the U.S. for hundreds of years.

Now, it's about 35 percent.

Last point, last graph.

Price to Earnings, all else equal and that's a big thing all else equal, the lower the Price to Earnings, you're paying less for something.

If consumption drops like this, we have all of this capacity and prices go down.

And that's the real big take away I wanted you to get at, is that high utilization of anything, of our aggregate capacity, prices will increase.

Then auctions like eBay are another example of dynamic pricing.

Low Price to Earnings ratio implies that it's cheaper.

You said it was oil futures.

That's all the U.S. usage today.