Search previous answers and so called experts, or people who think they know anything will say its not a scam, its supply and demand and its a "free" market. I guess the idiots never thought of it like this…….yes supply and demand determine price, decrease supply and demand rises with the pricing.
So, experts….explain this. For those whos answers is a free market, how is a monopoly of oil producers (OPEC) who all decide to cut production to increase the prices a free market?
Experts who answer with, "Its just supply and demand, no scams there"…….. I guess the "few" oil producers teaming up to cut production to keep prices high is standard supply. And I guess all of the gas companies in the USA, just "happen" to do their scheduled maintance during the busy season is pure coincidance and not trying to keep supply down, let alone even building a few more refineries.
You must think the oil producers are all greedy, so they intentionally get together and reduce supply so they can raise prices.
Let’s go with that assumption. They are all greedy. Wouldn’t one of these oil producers cheat and produce more oil so that they could get the bigger share of the artificially inflated profits.
When they do, supply goes up and prices drop. This is how the economy works.
When everyone acts in their own best interest, everyone wins.