Quote:
Originally Posted by Catfish
^ Economically of course it makes sense, to me it looks like raising the prices for bread when people need it most.
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Bread is not made of oil.
Private traffic and truck traffic are down. Overproduction had triggered a oil price war between Russia and China and US fracking companies even already before Corona. If supply is higher than demand, you cut it back. Logical. Deamnd and supply, we stick to it as long as we have nothign better. State planned economy goals? No thanks. We just have seen
once again how well state plans work - with masks.
If you think this oil price thing is a biggie, wait until it dawns upon you and most others what it really means that the central banks devalueing further the "money" by several further trillions, and the ECB and the European South again try to enforce the collectivization of national debts. Big things are about to happen due to this. Unfortunately at 180° the wrong direction.