Re:Samsung boosts non-memory chip investment to $151B
by lumost on Sunday May 16, 2021 @03:35PM
(#27176340)
On a temporary basis this is true as the market is restricted. On a long term time horizon you would simply expect consolidation of global refineries into a new, more powerful monopoly.
Re:Samsung boosts non-memory chip investment to $151B
by AnthonyMouse on Tuesday May 18, 2021 @12:14PM
(#27196795)
Your argument is that by having greater competition, the result would be a monopoly?
That would cost US oil producers billions of dollars -- more than the price increase would cost US consumers. Which would only happen if oil producers had dramatically less political influence than they do now, i.e. if we stopped producing so much oil. But then there would be no reason to do it.
> It wasn't even legal to export oil until 2015!
Crude oil. It was protectionism for US refineries, not the other thing. Which makes oil cost consumers more, because of the reduction in competition for refining.