That assumes there is no competition. I don't know the oil market well enough, but if there is competition then you can't necessarily just raise prices to the maximum the market will bear. I'd assume there is some competition because when oil dips low enough they stop drilling new sites in ND as it is just more expensive to extract here (fracking).
Comments
That assumes there is no competition. I don't know the oil market well enough, but if there is competition then you can't necessarily just raise prices to the maximum the market will bear. I'd assume there is some competition because when oil dips low enough they stop drilling new sites in ND as it is just more expensive to extract here (fracking).