> Not having enough at any price. No such thing. Prices will always hit a point ... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		driverdan on Sept 24, 2019 \| parent \| context \| favorite \| on: The Saudis Are Lying About Their Oil Production? > Not having enough at any price. No such thing. Prices will always hit a point where demand decreases. Inelastic isn't 100%.

hapless on Sept 24, 2019 [–]

If the price rises enough global markets will break down as state actors attempt to seize or hoard oil resourxes for internal consumption

So, it’s true, right up until it’s not

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact