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> Can the companies & countries addicted to massive oil profits cut production quickly enough to stabilize prices? If you look at the Brent Crude (oil) price c
by logifail 3y ago
> Can the companies & countries addicted to massive oil profits cut production quickly enough to stabilize prices?
If you look at the Brent Crude (oil) price chart and zoom out so you can see the last 10 years it's definitely not showing any sign of a long-term downward trend.
https://www.google.com/search?q=brent+crude+oil+price https://www.google.com/search?q=brent+crude+oil+price
- bryanlarsen 3y agoYes, price goes up when demand goes up. What's going to happen when demand starts going down?