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Oil benefits from scale of demand and excess demand. I don't see how reducing oil demand down to only those who can't switch from oil would do anything except i
by xboxnolifes 4y ago
Oil benefits from scale of demand and excess demand. I don't see how reducing oil demand down to only those who can't switch from oil would do anything except increase the price. Making oil more niche of an application can only increase its price in the long term.
This is of course assuming the current price is somewhat competitive.
- leereeves 4y agoSome oil is easier/cheaper to extract and could be sold for less if it were sufficient to meet demand. (Instead, right now that oil is just more profitable to extract as the consumer price pays for extracting even the more expensive oil.)