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>So halving demand is more likely to reduce prices. 1) Halve demand 2) Price plummets 3) Sources shut off 4) Prices climb again, _but at lower volume_ Plas
by RetpolineDrama 3y ago
>So halving demand is more likely to reduce prices.
1) Halve demand
2) Price plummets
3) Sources shut off
4) Prices climb again, _but at lower volume_
Plastification requires $x/barrel oil _at insane volume_ to work.
- marcosdumay 3y agoThe key thing people are talk over each other here is that step #3 takes years. But also, plastics can pay much more for oil and gas than fuel can. It's currently not scarce at all, and the economic restrictions are all around using the plastic in some way. So don't expect the plastic industry to suffer like your last paragraph implies.