Oil cartels will just limit production somehow to keep profits up

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Feb 21, 2023
6:52:51am

chismoso Walk-on

Oil cartels will just limit production somehow to keep profits up

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chismoso

Bio page: chismoso
Joined: Jan 29, 2023
Last login: Sep 15, 2024
Total posts: 2,659 (6 FO)

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Messages

Author

Time

Random question. As more and more people buy EVs, does gas prices slowly drop for ICE owners?

jacobugath INSUFFERABLE KNOW IT ALL

2/21/23 6:48am

Oil cartels will just limit production somehow to keep profits up

chismoso

2/21/23 6:52am

Simply raise prices to make up for lost revenue

bluelands

2/21/23 7:07am

There actually is competition within the oil industry. There is no "they" who

Corn Pop

2/21/23 7:19am

Ok

bluelands

2/21/23 7:58am

You’re easy.

OmahaOmaha

2/21/23 8:09am

Yes there is.

joelvandyne

2/21/23 9:36am

You know what will happen to electricity costs with more EVs?

maxpowers

2/21/23 7:29am

No, electricity is free and easy to deliver anywhere in the world. All you have to do is pluck it out of the air.

John Doe

2/21/23 7:41am

RE: No, electricity is free and easy to deliver anywhere in the world. All you

md7Coug

2/21/23 7:56am

If you assume all refineries are kept running, then probably a little bit. But I suspect some of the smaller and older

Mike Honcho

2/21/23 7:48am

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