Are they admitting that the free market still works and that supply and demand are self correcting forces?
Price goes down below cost of fracking, fracking slows down, supply shrinks.
Supply shrinks, prices go up, fracking becomes economically feasable again.
RE: Are they admitting that the free market still works and that supply and demand are self correcting forces?
Price goes down below cost of fracking, fracking slows down, supply shrinks.
Supply shrinks, prices go up, fracking becomes economically feasable again.
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That is ASSUMING that the government doesn’t step in somewhere and mess the whole cycle up.
A huge assumption of course.
Amazing, though, isn’t it how so many have lost faith in or are entirely ignorant of the existence and functions of markets?