4 ms·
I think this is a limited view. OPEC/OPEC+ controls about half of worldwide oil production and yet we can see how big of an impact production cuts that they mak
by type-r 4y ago
I think this is a limited view. OPEC/OPEC+ controls about half of worldwide oil production and yet we can see how big of an impact production cuts that they make have on the price of oil. What we're seeing here is the same thing -- the ability for landlords to artificially reduce supply and force prices up. Just because there's software in the middle doesn't mean it's not a cartel.