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The Water Cooler
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Gas prices
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<blockquote data-quote="El Pablo" data-source="post: 3813575" data-attributes="member: 1563"><p>But look at 2020, etc.... where everyone had massive losses...</p><p></p><p>Gas is a commodity. Oil companies do not set the price. It's a very simple supply/demand and economics problem. It's a bad bet get loans to drill more. Adding more refining capacity costs an obsurd ammount too, they have zero incentive to borrow money to increase that capacity as it's not a wise bet either.</p></blockquote><p></p>
[QUOTE="El Pablo, post: 3813575, member: 1563"] But look at 2020, etc.... where everyone had massive losses... Gas is a commodity. Oil companies do not set the price. It's a very simple supply/demand and economics problem. It's a bad bet get loans to drill more. Adding more refining capacity costs an obsurd ammount too, they have zero incentive to borrow money to increase that capacity as it's not a wise bet either. [/QUOTE]
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