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Yes. They're a massive multinational producer. They get to say how much they produce and I've a bridge to sell you if you think they can't conspire with other
by oliwarner 4y ago
Yes.
They're a massive multinational producer. They get to say how much they produce and I've a bridge to sell you if you think they can't conspire with other producers to inflate prices.
These are finite resources with an expensive discovery and extraction. There's no competition to drive the price anywhere but up.
- MichaelZuo 4y agoYou mean OPEC? or OPEC+? Doesn't seem like they would care much about BP's opinion.
- missedthecue 4y agoBP produced 675 million barrels last year. The world produced 10.3 billion. BP cannot control the price like that.