Yes, that’s true but that whole ‘escape velocity’ thing ... is that measurable? How low would prices have to go to produce enough profit to overcome the losses?
I wonder how much os this is the result of the Gulf States overproducing? Good way to stop the fracking boom.
The high price of oil made everything expensive.
I find my food dollars going a lot further now in my grocery store now that it costs substantially less to transport it there.