“I find it hard to understand your logic, Brydo. Markets operate on supply and demand, whether it’s a supermarket or an OPEC oil producer. Their primary responsibility is to their shareholders and investors.”
“Those same investors that provide everyone’s pensions, by the way…”
Wigwam supermarkets regularly drop fuel prices for reasons other than supply and demand. The optics of treating their customers well and in a fair manner are also high on their agenda.
Pricing oil is a bit of a dark art, too high and inflation goes up, which, in the medium to long term, stiffles demand which in turn lowers the demand for oil and therefore the price. High inflation will bankrupt many countries who are in massive debt and have taken the debt on with the hope of low interest rates High inflation means high interest rates and calamity for many, including our own countries, who are massively in debt.
Whats happening now is in no ones interest and is unsustainable in the medium term never mind the long term.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.