Quotation by

Ron Wyden

Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.

Ron Wyden

Business

Understanding this quote AI Analysis

The oil industry’s prices are determined by how much oil is available and how many people want to buy it. When there is a lot of oil, prices drop, but when many people want oil, prices go up.

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