3 ms·
This seems irrelevant, or at best helping the point of the parent comment. If Saudi society has large fixed costs, then they only need to sell more of their la
by baking 8y ago
This seems irrelevant, or at best helping the point of the parent comment. If Saudi society has large fixed costs, then they only need to sell more of their large reserves driving down prices even more and increasing the pain of the high-cost producers.