Quote:
Originally Posted by Donger
I would prefer not. I'm kind of a fan of capitalism.
One of the major influences in crude pricing is spare capacity, which is just a few million barrels per day. That's why when a war or natural disaster happens and crude production ceases, crude goes up dramatically with the fear (real or imagined) that supply cannot meet demand. If we started pouring a fresh, new supply of crude into the market, prices would drop.
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That makes sense. I talked about nationalization previously in this thread. It's not like I'm a fan of it. It needs to be absolutely necessary before we ever go there.
So if there is another solution that could sustain our capitalism, I'd prefer to try that first.