Demand has nothing to do with the banning of fracking. By definition, the supply of oil has been lowered due to the ban. The demand has not wavered which is why the lower supply is raising the price.
Less oil, same demand raises costs. Inversely, if people stopped driving, yet the supply remained constant, the market would be flooded and the price would drop.
This is an artificial change in the supply and demand relationship by fucking with the supply chain. This only works because we are “addicted” to oil which is another way of saying demand is essentially constant.
Stop being dissonant. The demand is always “high.” It doesn’t change that much at all. This is why playing games with the supply is how prices are manipulated.
We just saw it under trump. Demand didn’t change, as is historical, and supply was boosted. This is why we saw a drop in price. If demand increased, at all, we wouldn’t have seen a drop in price despite the increase in production.
Demand has nothing to do with the banning of fracking. By definition, the supply of oil has been lowered due to the ban. The demand has not wavered which is why the lower supply is raising the price.
Less oil, same demand raises costs. Inversely, if people stopped driving, yet the supply remained constant, the market would be flooded and the price would drop.
This is an artificial change in the supply and demand relationship by fucking with the supply chain. This only works because we are “addicted” to oil which is another way of saying demand is essentially constant.
Stop being dissonant. The demand is always “high.” It doesn’t change that much at all. This is why playing games with the supply is how prices are manipulated.
We just saw it under trump. Demand didn’t change, as is historical, and supply was boosted. This is why we saw a drop in price. If demand increased, at all, we wouldn’t have seen a drop in price despite the increase in production.