4 ms·
Right now, the price of oil is still not set by market prices, but kept artificially high by the OPEC cartel. Petrol could be much cheaper if the oil producing
by badpun 3y ago
Right now, the price of oil is still not set by market prices, but kept artificially high by the OPEC cartel. Petrol could be much cheaper if the oil producing countries wouldn’t optimize the production (and hence, price) for maximum gains.
- matthewdgreen 3y agoIt could also be a lot more expensive if we included even a fraction of the extremely dire externalities burning it in a 20% efficient ICE engine produces.