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phoenix00's avatar

Looks like he went to Trump U AMONG OTHERS.

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phoenix00's avatar

a) They're inter-related. If any given resource/item/service was highly-valued and in-demand prices would remain high and there would be incentive to increase production to meet said demand. Given the worldwide push towards renewables and away from fossil fuels plus the fact CNG has undercut and displaced coal, the bottom has fallen out of the demand half of the equation, which pushes prices down even if you assume production/supply holds steady.

Enter Basic Economics: if prices are already low, and you increase supply without decreasing costs of production and without a corresponding increase in demand (ain't gonna happen no matter how much wet-dreaming by der Trumpkinz,) prices and profits aren't gonna go up. How this simple fact escapes these so-called big-businessmen beggars belief.

b) Yes coal and petroleum, given they're fossil fuels, are finite resources and will run out. Still won't help Joe Coalminer if there's no more coal left to mine.........

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