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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

Photo by Christopher Kuzman on Unsplash

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 industry basic premise supply demand supply lower price higher demand higher price other words people higher price

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