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It's not about price increases, it's about the increase in profit margins. Oil prices can go up and down due to supply constraints but profit margins can remai
by akrymski 4y ago
It's not about price increases, it's about the increase in profit margins. Oil prices can go up and down due to supply constraints but profit margins can remain constant.
- NovemberWhiskey 4y agoIf you're a producer (extractor...) of oil, and the price of oil goes up, then you're going to make more profit unless your costs went up too. Why would you keep selling for a lower price, when you have pricing power?
- lotsofpulp 4y agoAre these not constant enough? https://news.ycombinator.com/item?id=31272505 https://news.ycombinator.com/item?id=31272505 Surely there is some time allowance for extreme changes in supply and demand for margins to settle down again.