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I was also in that camp. I figured it would go the way of gasoline where they'd conjure up constant excuses to keep the price high almost indefinitely. "A missi
by y-c-o-m-b 5y ago
I was also in that camp. I figured it would go the way of gasoline where they'd conjure up constant excuses to keep the price high almost indefinitely. "A missile landed in the middle of a farm in Uzbekistan, we better increase gas price $0.50/gallon due to global instability concerns".
- mywittyname 5y agoIt doesn't really work that way with commodities the scale of lumber. The amount of money one would to have to corner the lumber market is insane, even a cartel probably couldn't pull it off. Timber is abundant and lumber mills are pretty easy to get going. If you live anywhere near where timber is grown, there's almost certainly a handful of mom-and-pop mills around you. The moment prices elevate for an extended period of time, these operations will start looking to expand.