Yea the funny thing about oil prices is that if they go too low there's no longer a reason to pump. The US was the world's largest oil producer in 2024 but prices below about $60 a barrel mean most of that pumping isn't worth doing.
It's very rare that prices going down is good. It usually results in a spiral that is negatively self reinforcing. Price stability is what you generally want.
It's very rare that prices going down is good. It usually results in a spiral that is negatively self reinforcing. Price stability is what you generally want.