2min chapter

Odd Lots cover image

A Concrete Plan to Bring the Price of Oil Down Right Now

Odd Lots

CHAPTER

Is the Market Expecting the Price to Fall?

Oil is in backwardation, which means that people expect prices to come down over the long term. This doesn't incentivize producers to ramp up production because they can't forward sell future barrels at a higher price. The idea here, the cor idea, is to really bring markets into balance and elicit increased supply response. O they're just more gallant. So what's wrong with cutting the gas tax?

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