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Igel

(37,635 posts)

9. Yes, when there's more supply than demand

Reply to 70sEraVet (Reply #5)

Thu Aug 4, 2022, 08:01 PM

Aug 2022

and companies have to compete for your business.

That wasn't the case, so that bit of economic principle didn't apply. Notice prices are coming down? Why?

There's less demand, some companies have increased output (or soon will), and there's expected to be even *less* demand. Meaning there'll be a bit more pressure for companies to compete for trade.

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Highlight:

UN chief criticizes grotesque greed' of oil companies [View all] Omaha Steve Aug 2022 OP

Democrats need to post and display all their profit margin increases they've made, duforsure Aug 2022 #1

Aren't companies (at least most of them) leasing said lands that they are drilling for oil on, from SWBTATTReg Aug 2022 #2

In all fairness robodruid1 Aug 2022 #3

Secretary-General Antonio Guterres, thank you for speaking out. NCjack Aug 2022 #4

Something is wrong when ALL the oil and gas companies are reporting record profits! 70sEraVet Aug 2022 #5

Vigorous antitrust actions will also help. Force the buggers to NCjack Aug 2022 #6

Well... the CEOs compete for their personal golden parachutes... Justice matters. Aug 2022 #7

Yes, when there's more supply than demand Igel Aug 2022 #9

Yep ck4829 Aug 2022 #10

K&R ck4829 Aug 2022 #8