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This is a false claim.

Prices incentivize economy. Low prices lead to low production, while high prices lead to high production. This force is also independent of your ability to understand.

This is most true for goods, that can be stored well. And since fossil fuel can be stored in earth over million of years, the owners can react on prices instantly.

VOLKER - Voice Of Logic Knowledge Experience & Responsibility 9mo ago

https://en.wikipedia.org/wiki/Supply_and_demand

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freemymind 🇨🇭 9mo ago

Exactly. You are my boy. Draw the lines and see how the total consumption decreases, when demand decreases.

VOLKER - Voice Of Logic Knowledge Experience & Responsibility 9mo ago

And you are my boy. See how demand increases, when price decreases 🙄

freemymind 🇨🇭 9mo ago

Nope. It does not. Since price is the result. Not the cause.

demand / supply => price

Price is an indicator of the others. Price is a measurement.

You would also not say, that temperature increases because the thermometer is there. It is only a measurment tool.

VOLKER - Voice Of Logic Knowledge Experience & Responsibility 9mo ago

Good luck in life with those assumptions 🤣

I'll give you something to chew on, it's up to you to draw the right conclusions:

"Why do shops reduce prices and give discounts all the time?"

And please spare me from your results, I'm not interested in spending more time teaching basic economics.

064cd082... 9mo ago

Very odd to criticize them for assumptions baked into the model that you brought up.