Exactly, if only the three largest oil companies had to increase their production to account for the global shortage, the percentage increase would be more that 20% to make up for other companies not increasing. Please don’t take this as me defending the oil companies, but instead me defending the math.
Each company of all companies, not just those three.
Exactly, if only the three largest oil companies had to increase their production to account for the global shortage, the percentage increase would be more that 20% to make up for other companies not increasing. Please don’t take this as me defending the oil companies, but instead me defending the math.
And by much more than 20% in all the non-Hormuz-needing places.