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They definitely would not run out of gas. They have more than enough production capacity that they purposely are not using so they can restrict supply artificia
by feet 4y ago
They definitely would not run out of gas. They have more than enough production capacity that they purposely are not using so they can restrict supply artificially and raise prices. They state this blatantly in earnings calls.
- SamReidHughes 4y agoThe context here was gas stations, not oil companies. The oil companies, as well, would only be slow-walking physical gasoline in hope of future price increases or, for refineries, cheaper inputs. Otherwise, they're missing out on profits by not selling it at current prices.