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Physical items have geographic price differences due in part to transportation costs. If the point is to lower worldwide oil prices, the USA government should s
by landemva 4y ago
Physical items have geographic price differences due in part to transportation costs. If the point is to lower worldwide oil prices, the USA government should stockpile oil closer to China. I'm not recommending USA operate a CN Military Oil Reserve.
- ozzydave 4y agoOil transport is so cheap relative to the product that it’s not really a factor: https://steno.ai/planet-money/breaking-down-the-price-of-gasoline https://steno.ai/planet-money/breaking-down-the-price-of-gas...