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It is forbidden to build new oil refineries and pipelines. Banks will not provide loans, insurance companies will refuse to insure it, govs will not issue permi
by zeroth32 4y ago
It is forbidden to build new oil refineries and pipelines. Banks will not provide loans, insurance companies will refuse to insure it, govs will not issue permits and so on. Oil is obsolete industry with limited supply, and it makes sense price increases like with housing.
If you do not like it, buy a Tesla or donkey, it is market economy!
- sharemywin 4y agoThat's because everyone of those entity's also absorb the down stream costs so when they need to pay the full cost for "cheap" oil it ain't worth it