Forum Discussion
Lynnmor
Nov 08, 2020Explorer II
Walaby wrote:
Trying to stay non-political.
As I understand it, there will likely be a decrease or elimination of subsidies paid to the oil industry. While I don't really understand the eventual impact of reducing or eliminating these subsidies, I do know that generally speaking, when any business has an increase in operating costs, and subsequently a reduction in profit, the tendency is to pass those costs on to the consumer.
Add to that, the likelihood that corporate taxes will increase, and one can easily see where the cost of the goods impacted by these increases will themselves, increase.
So, while I do agree, supply and demand is a driver, and in my opinion, the biggest driver, I don't believe we can ignore the impact of increase COGS (Cost of Goods Sold) will have.
Mike
Just the usual hype from the usual suspects to garner votes from those that think they are a victim. Read about the lies used to feed the "victims".
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