... when demand is being destroyed by expensive oil just as expensive oil is incentivising increased production - it should come as no surprise that at some point the markets would react.

Psychology is the science of the act of experiencing, and deals with the whole system of such acts as they make up mental life.

Mental life is indeed practical through and through. It begins in practice and it ends in practice.

The interval between a cold expectation and a warm desire may be filled by expectations of varying degrees of warmth or by desires of varying degrees of coldness.

An object is not first imagined or thought about and then expected or willed, but in being actively expected it is imagined as future and in being willed it is thought.

Thus the same object may supply a practical perception to one person and a speculative one to another, or the same person may perceive it partly practically and partly speculatively.

We cannot therefore say that mental acts contain a cognitive as well as a conative element.