That's a good point, thanks. However, as demand drops so does the unity of such cartels. Less demand will likely destabilize those arrangements. In this case, r

That's a good point, thanks. However, as demand drops so does the unity of such cartels. Less demand will likely destabilize those arrangements. In this case, raising prices to compensate for drop in demand is self defeating as it makes alternatives more cost effective. At some point there's a tipping point where volume is the only option (to make up for less demand). We'll see. It's complicated. And if you or I could predict the future...we'd not be on HN guessing :)