What I have noticed recently is that when the price of the oil in the world markets rose up, business owners immediately increased their prices. However, when the price drops, it would take them a very long time to reduce the prices. The reason behind is that their oil on their depots had been brought during those high price times and that is reasonable and acceptable, and people understood it.Recently, the realities and inconsistencies had turned up when the situation reverses. As anyone can still remember, it was on many months that the price of the oil in the world markets had stabilized at around $45.00 U.S./barrel, more or less, and of course the same business owners had oil stored in their oil depots. So, everyone expects that if there’s price increase, and surely there would be, it should not be too soon. But, what’s happening, these same guys forgot what they had said above – their acceptable reason. So, it’s inconsistent! This is the reality of how oil business works today, in this oil dependent world.
Jun
17
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