4 ms·
Informative, but the conclusion is a bit out there. Restricting supply to increase demand will only go so far. What happens when the prices are so high no one w
by Maursault 4y ago
Informative, but the conclusion is a bit out there. Restricting supply to increase demand will only go so far. What happens when the prices are so high no one will buy? What happens when demand plummets because only EVs are sold? At some point, ICE gets pushed out of the consumer market. When consumers no longer need gas, gas prices will indeed plummet.
- sitkack 4y agoI think you are being overly pedantic about the use of the word forever. The oil industry isn't restricting supply, only by a twisted interpretation could that be true. They aren't expanding supply to keep prices constant. > What happens when the prices are so high no one will buy? Then the market has decided that oil is over.