Lance Burri smacks down a Time story that claims oil is not subject to the laws of economics. The closing smash:
In order: expectation of increased demand; increased demand for futures; restriction of supply; more restriction of supply.
Okay, all of you who took basic economics in high school: what do the laws of economics say about those factors?
They say whoever wrote that article doesn’t understand basic economics.
The brilliance is how he uses Time’s article against its idiotic lede.
