Are Big Oil executives shrewd or just cowardly?

By Norman Rogers – December 6, 2021 The price of oil is inelastic.  A shortage causes the price to soar, and excess production creates ruinously low prices.  Naturally, the producers want to limit production when necessary to protect the price and their profitability.  Currently, Russia and Saudi Arabia are holding back some production to support the price.  Prior to… Continue Reading

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