Originally Posted by
Tgo01
Okay so there is more oil to be drilled and you know full well it’s governments (mostly left wing governments) who won’t let this oil be taken out of the ground.
Let’s do a little econ 101 here: if demand is much higher than the supply of a commodity then the producer of said commodity can command a higher price. If demand is much lower than the supply of a commodity then the producer of said commodity can command a much lower price.
Now what do you think happens when governments create an artificially low supply of a commodity by not allowing companies to produce said commodity? It’s okay. You can do it. One step at a time.
You're missing a key thing, what if the companies artificially reduce the supply to earn more for each gallon and earn record profits.
Last edited by drauz; 07-05-2022 at 04:19 PM.
No, I am not Drauz in game.