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Thread: OPEC Reduction
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Old 10-06-2022, 07:01 PM
jimjamuser jimjamuser is offline
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Quote:
Originally Posted by Blackbird45 View Post
I don't blame Opec, they see a movement heading to alternative fuels, once it truly takes hold the value of their product will drop. They need to make the money while they can. The problem they face with cutting production which will raise the price is that it also increases the speed of the demand for alternative fuels to take hold. It's a bizarre circle where if you keep the price low people will continue to use their product and if they raise the price of their product, they reduce the need. This has nothing to do with politics, loyalty or any idealism. The motivation is money.
The motivation is MUCH more than money.