Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! Global plugin vehicle registrations were up 45% in August 2023 compared to August 2022, rising to 1,238,00 units. In the end, plugins represented 18% share of the overall auto market (with a 13% BEV share alone). This means that […]
That’s what you’d think. But they’re capitalists and will squeeze every penny they can to their dying breath.
Supply and demand is largely a myth, especially in markets like oil where it’s practically a monopoly.
Is not a monopoly though, yes there are cartels but it’s not a monopoly. The less demand there is for oil the less power OPEC has to manipulate prices. They will be left scrambling to supply the remaining demand. Supply and demand isn’t a myth, OPEC simply manipulate supply to influence the price.
Lmao