Current Events — HabitableZone

Current Events » in reply to Sorry, your premise was "subsidy."

An overstatement. Now, about that $30/barrel average.

However, increasing demand at a time of high demand and high prices does, indeed, have the effect of raising prices and profit. Remember, the last 5, and 3, and 1% of demand carries with them the highest profit.

Doing that unnecessarily has the effect of unnecessarily increasing profits for oil companies.

And the cost of the SRO is overall $30 per barrel? There would have to be a helluva lot of $15 per barrel in there.

Arf

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