Re:Evidence of price-fixing in the oil industry?
by wolverine876 on Friday May 03, 2024 @04:26PM
(#40252000)
> When prices rebounded in early 2020s, there was a lot of scar tissue in the industry about overproduction. Producers are now extremely conservative
In corporate America generally, it seems to be a widespread strategy to limit supply and drive up prices. Sometimes it's done explicitly and illegally, such as in rental housing (look up RealPage). Is there evidence that it's particular to shale production?
> I think the typical Democrat-Party view that "oil bad" and "oil corrupt" lacks nuance.
In corporate America generally, it seems to be a widespread strategy to limit supply and drive up prices. Sometimes it's done explicitly and illegally, such as in rental housing (look up RealPage). Is there evidence that it's particular to shale production?
> I think the typical Democrat-Party view that "oil bad" and "oil corrupt" lacks nuance.
You said it, then said it lacks nuance.