... 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.

Both expectations and memories are more than mere images founded on previous experience.

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.

It is convenient to distinguish the two kinds of experience which have thus been described, the experienc-ing and the experienc-ed, by technical words.

It is more difficult to designate this form of conation on its practical side by a satisfactory name.

In the perception of a tree we can distinguish the act of experiencing, or perceiving, from the thing experienced, or perceived.

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.