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Dennis
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Comments by "Dennis" (@Dennis-nc3vw) on "Why gas prices are likely to keep going up" video.
it's sad how many people don't understand economics, and think CEOs just magically turn greedy when there's a shortage of their product.
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@Uncleprepper1 Those laws were proven to be disasters. If vendors can't raise prices due to scarcity, the result is they run out of the item in stock.
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@Uncleprepper1 So all the oil CEOs just decided to become greedy right when the US imposed an oil embargo on Russia? Put down the hatorade. It's called supply and demand.
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If you don't let people raise prices in response to scarcity, you get shortages (which is when there are people willing to pay the price for a product but there's simply none left on the shelves).
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Why does every oil CEO magically turn greedy when we impose an oil embargo on Russia?
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