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That's the right question to ask. As far as I can tell, the answer is: both - depending on the comnodity. For oil, it is mainly increased supply. For steel, coa
by Hermel 11y ago
That's the right question to ask. As far as I can tell, the answer is: both - depending on the comnodity. For oil, it is mainly increased supply. For steel, coal, copper and co. it is probably rather a lack of demand.
- leereeves 11y agoOil is a portion of the price of every other commodity. They all require energy to extract/produce and transport.