Row 80918

Row ID: 80918 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 80918 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

No, their margins kept going up when their costs fell after COVID. There was a market force holding down prices until they had an excuse / patsy.

The conspiricy part of my brain is telling me they see some sort of collapse coming and are cash grabbing while the grabbing is good. This is similar to what happened with oil prices.

There was a moment when crude went literally negative. That was a turning point. When Covid caused a supply surplus, they started shutting down refineries and laying off people. They either haven't opened them back up or started them on reduced capacity.

The costs of new drilling in harder to harvest areas is just not worth the investment to them any more. They know that the world is weaning itself off oil, so they are just kiting prices until the end.

I think something similar is in the minds of the mega corps. They know something is going to change big time, and they are building up a war chest. Not to keep the companies alive, but to keep the stockholders and owner in comfort while the world burns down around them.

FieldValue
text No, their margins kept going up when their costs fell after COVID. There was a market force holding down prices until they had an excuse / patsy. The conspiricy part of my brain is telling me they see some sort of collapse coming and are cash grabbing while the grabbing is good. This is similar to what happened with oil prices. There was a moment when crude went literally negative. That was a turning point. When Covid caused a supply surplus, they started shutting down refineries and laying of…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

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  "text": "No, their margins kept going up when their costs fell after COVID. There was a market force holding down prices until they had an excuse / patsy.\n\nThe conspiricy part of my brain is telling me they see some sort of collapse coming and are cash grabbing while the grabbing is good. This is similar to what happened with oil prices.\n\nThere was a moment when crude went literally negative. That was a turning point. When Covid caused a supply surplus, they started shutting down refineries and laying off people. They either haven't opened them back up or started them on reduced capacity.\n\nThe costs of new drilling in harder to harvest areas is just not worth the investment to them any more. They know that the world is weaning itself off oil, so they are just kiting prices until the end.\n\nI think something similar is in the minds of the mega corps. They know something is going to change big time, and they are building up a war chest. Not to keep the companies alive, but to keep the stockholders and owner in comfort while the world burns down around them.",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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