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Old 10-22-2021, 04:25 PM   #44
gearhead
Senior Member
 
Join Date: Jul 2013
Location: Liberty, Texas
Posts: 5,034
Quote:
Originally Posted by K_N_L View Post
Around here, central Virginia, diesel is between 3.25 and 3.50 right now. One economist once quipped "the solution to high oil prices, is high oil prices", in that if there is money to be made, more supply will be brought in. The $80/bl cost will bring the shale and other idle frackers back online in time
Basically the same as "the cure for inflation is inflation". Prices get high enough that folks stop buying it.
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