Re:Lumber Prices Slump
by HWR_14 on Monday June 06, 2022 @08:57PM
(#31648547)
The cartel just reassessed their output as a result of the continuing war and decided to increase output.
And OPEC cares a lot about externalities. They know that pushing oil prices high enough will cause a recession which leads to less money for them. (They learned this in 1979). So they try to maintain a healthy but not runiously shortsighted profit.
And OPEC cares a lot about externalities. They know that pushing oil prices high enough will cause a recession which leads to less money for them. (They learned this in 1979). So they try to maintain a healthy but not runiously shortsighted profit.