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"supply disciplined" is a new one to me. I assume it's a euphemism for cartel?
by hotpotamus 5y ago
"supply disciplined" is a new one to me. I assume it's a euphemism for cartel?
- zaphod12 5y agoNah, there's a boom and bust cycle to these industries. Prices go up, everyone exploits new wells and pours in money. Prices go down and a ton of folks go broke because the new wells are too expensive. You don't need any sort of cartel arrangement - the large companies and investors just learned their lesson after being burned a bunch of times.
- xadhominemx 5y agoThey’ve all gone bankrupt at least once now and have learned their lessons