"For some countries it's an incredible source of diversity of supply and for other countries it could be a major alternative to coal for incremental demand," he said.
But as Francisco Blanch of Merrill Lynch notes, most of the incremental demand for oil comes from China, India and the Middle East, where the prices of petrol and diesel are subsidised or capped, leaving drivers with little incentive to cut back.
With any incremental demand improvement, there should be a pretty precipitous bounce.
''And a couple of things that may in fact just have been counted on to drive incremental demand like 3-D and Internet-connected smart TVs are just not working".. Against this backdrop, global demand for televisions is expected to fall about 1percentt in the fourth quarter, according to Paul Gagnon, director of North American TV research for consulting firm Display Search.
But it would (a) highlight the Democrats' fiscal recklessness, (b) force Senate Democrats to make public their fiscal choices and (c) keep the debt ceiling alive as an ongoing pressure point for future incremental demands.
He writes: "With consumer spending declining, wireless subscriber growth decelerating, and competition from alternative technologies intensifying, we believe Clearwire is likely to have a difficult time capturing incremental demand for its wireless Internet service". Today, Merrill Lynch analyst Michael Funk followed suit, marking down his price target from $20 to $5.50.
From a capital markets perspective, the program also brings incremental demand for participating companies' stock.
But with little likelihood that Berkeley's business would create much incremental demand for its products and no other apparent strategic upside for itself, Intel saw the investment as primarily a financial one.
"Incremental demand for commodities still largely comes from Asia.
In the United States, oil supply had peaked early, and the incremental demand for energy had been satisfied by natural gas.
