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Aaron Wissner
Comment on: Supply, Demand, and Price: The Economics 101 of Peak Oil
Total Length: 1 minute Peak oil can be understood by looking into the supply, demand, and price situation using some basic macroeconomics. Oil demand is extremely inelastic, meaning that the oil supply curve becomes almost vertical. Oil supply, due to peak oil, is also extremely inelastic. By adjusting the supply and demand curves, long-term price levels and changes can be understood. Teacher and peak oil expert Aaron Wissner explains supply, demand and price in a climate of extremely inelastic oil supply and oil demand. Background Aaron Wissner has taught public school students for sixteen years at all grades from Kindergarten through 12th grade. He is a graduate of the University of Michigan with a degree in mathematics and a minor in physical science. Aaron is the founder and organizer of Local Future, a non-profit educational organization dedicated to saving Earth through cultural change. In his spare time, Aaron writes articles, organizes education events, and gives presentations on issues of peak oil and sustainability. Aaron lives in Michigan with his wife Kimberly and his newborn son Michael.
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