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No? The oil situation is happening because producers are contractually obligated to pump (significantly) more oil than there is market demand for and it is har
by kgermino 7y ago
No?
The oil situation is happening because producers are contractually obligated to pump (significantly) more oil than there is market demand for and it is hard to store or ramp down production of oil.
Uber rides have none of those qualities. If people stop riding Uber the producers (drivers) will just stop driving. The price may drop, but there's no prepayment and no driver will accept a negative fare.
- battery_cowboy 7y agoNot just the contractual obligations, but it takes a long time to restart an oil supply chain so you just can't turn it off easily.