But there's other products that compete and it takes time for products to get to market. If you shut down some number of oil production the price would go up q

But there's other products that compete and it takes time for products to get to market. If you shut down some number of oil production the price would go up quickly but it would take much longer for alternative sources to come online. Also when prices of gas goes up, unlike in the past, there are now alternatives in EVs.