demand destruction in a couple of different chunks. So, we we typically have about, you know, the you go to the you go to the gas station, you see the high price, you're like, "Ah, not today." That's like price elastic demand destruction. There's also income elastic demand destruction, which is say high oil prices in 2008 crashed the economy, I lost my job, and then because of that I don't need to drive to work anymore, so I don't need to consume the fuel. In this case, there's another type, which is this almost physical lack of supply, these shortages emerge. Now, when we spoke in March, this is what I had
There's also income elastic demand destruction, which is say high oil prices in 2008 crashed the economy, I lost my job, and then because of that I don't need to drive to work anymore, so I don't need to consume the fuel.