Re:Lumber Prices Slump
by refurb on Monday June 06, 2022 @08:51PM
(#31648494)
Citation? Everyone I spoke with back in 2008? Sure anecdotal, but that's what my comment is basing it on.
Regardless, I think you just proved my point. Supply/demand determines prices not OPEC.
If OPEC controlled prices they wouldn’t have dropped 80% post-2008. Prices were so low that capacity was taken offline and some countries has serious financial difficulties.
Regardless, I think you just proved my point. Supply/demand determines prices not OPEC.
If OPEC controlled prices they wouldn’t have dropped 80% post-2008. Prices were so low that capacity was taken offline and some countries has serious financial difficulties.
That doesn't sounds like a monopolistic market.