i truly believe that is part of the problem, but, $150 a barrel is not due to dollar devaluation, and consumption will go down... at what point do they not sell enough product to start losing money???
i truly believe that is part of the problem, but, $150 a barrel is not due to dollar devaluation, and consumption will go down... at what point do they not sell enough product to start losing money???
>i truly believe that is part of the problem, but, $150 a barrel is not due to dollar devaluation, and consumption will go down...
>at what point do they not sell enough product to start losing money???
Well, the rest of the “world market”* is picking up, so the answer may simply be “we’ll sell it to someone else” and they won’t lose money.
(*I’m thinking Brazil, India, China in particular — Those countries are pulling their ‘lower classes’ up by providing more just [better] laws to those who would work for money.)