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On a temporary basis this is true as the market is restricted. On a long term time horizon you would simply expect consolidation of global refineries into a new
by lumost 5y ago
On a temporary basis this is true as the market is restricted. On a long term time horizon you would simply expect consolidation of global refineries into a new, more powerful monopoly.
- AnthonyMouse 5y agoYour argument is that by having greater competition, the result would be a monopoly?