Recession Will Make the Inflation Problem Worse – Ep 779
The Peter Schiff Show Podcast
00:00
The Market Mechanisms to Reduce Demand for Oil
One of the positive market mechanisms to reduce demand is increasing price. When you have higher prices, that's also a signal to producers to produce more. Although i've already said american producers aren't going to produce more because they got burned so much doing that last time. So we're not going to get a big increase in production. But now, if the government reduces the oil price by 18 point three cents a gallon, demand for oil among consumers will be higher than it would have been absent that gas tax holiday. In fact, obviously what will happen is, as you get very close to the period where the gas tax is going to come back, a lot of gas stations are going
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