Archives for June 7, 2022

The UnderTow: The High-flying Oil Industry fears “Demand Destruction.” Should the Arts?

June 7, 2022 by Douglas McLennan 3 Comments

Oil prices are at a record high. And profits are rolling in. But there's an intriguing phenomenon in the oil industry called "demand destruction." It means when prices get too high for too long, consumers invest in alternatives and don't return. The arts have faced their own version of demand destruction when COVID shut down live performances. Is there anything to be learned from how the oil … [Read more...]

Douglas McLennan on Inflection Point? A Crisis in Paying for Culture in the Age of Abundance: “True – but the Swiftie phenomenon demonstrates how deeply people want to engage and that they’re willing to pay dearly…” Jul 24, 21:25
Tom Corddry on Inflection Point? A Crisis in Paying for Culture in the Age of Abundance: “An additional data point: Taylor Swift drew 144,000+ to her two Seattle concerts, at an average ticket price of $123.…” Jul 24, 15:34
Steven Lavine on Inflection Point? A Crisis in Paying for Culture in the Age of Abundance: “Terrific account. Like so many of our social media Augmented crises, it’s hard to see a way forward.” Jul 24, 13:52
Howard Mandel on Inflection Point? A Crisis in Paying for Culture in the Age of Abundance: “At least it’s clear the “ long-tail” argument was a canard.” Jul 24, 06:10
Sam Hodak on Too Many Artists Or Not Enough Value?: “So what you’re telling me is… make a VR experience” May 12, 00:03
Mark on What If Disruption Was Just A Tech Con Game?: “Thank you” Mar 19, 13:15
Douglas McLennan on Still Amusing Ourselves to Death: Information as Cautionary Tale: “Hi John: Yes – remember over the last decade how Big Data was going to change everything and drive every…” Nov 26, 07:46
John McCann on Still Amusing Ourselves to Death: Information as Cautionary Tale: “I haven’t read this book, yet your review triggered an insight about information shared within organizations and how so much…” Nov 26, 03:57
Richard Voorhaar on The UnderTow: The High-flying Oil Industry fears “Demand Destruction.” Should the Arts?: “We have reached the point where the average American has no attention span. A 3-4 minute pop tune is all…” Jun 10, 11:22
Alan Harrison on The UnderTow: The High-flying Oil Industry fears “Demand Destruction.” Should the Arts?: “Brilliant piece, Doug. It’s why, in my own columns on LinkedIn and Medium, I may have become more strident recently…” Jun 8, 15:46

Archives for June 7, 2022

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