this post was submitted on 07 Jul 2023
65 points (90.1% liked)

World News

32285 readers
1 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] randomname01@feddit.nl 5 points 2 years ago

corporate greed is responsible for things like high oil prices what happened on April 20, 2020 when oil prices touched 0.01 per barrel

…yes? Both expected demand and actual demand were down significantly, leading to shocks in the market. Speculation was a significant part of the reason the prices went negative.