Actors are not necessarily as rational as Econ 101 would have us believe. Incomplete information, misinformation and advertisement distort the market. As well a

Actors are not necessarily as rational as Econ 101 would have us believe. Incomplete information, misinformation and advertisement distort the market. As well as monopolistic practices. A lot of conspiracy theories are paranoid, but the propaganda machine of the oil industry is very real and managed to incite a lot of economically counter-productive policies.