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by burnt-resistor
61 days ago
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The other thing most people don't understand is there are several attributes of oil, and sweetness isn't interchangeable. Oil abundance doesn't imply abundance of all types for all purposes. Plus, demand in many categories from consumers is inelastic such that minor supply chain issues greatly affect prices globally. Furthermore, the petrochem supply chain is deep and long such that some effects are felt immediately but others take 30-90 days to realize at the end consumer level. |
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