Like any business, the oil industry runs on the ba...
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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.
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Frequently Asked Questions (FAQ)
Who said "Like any business, the oil industry runs on the ba... "?
"Like any business, the oil industry runs on the ba... " is one of a famous quotes by Ron Wyden. Complete quote is as follows;
"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."
What is "Like any business, the oil industry runs on the ba... "?
"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." This is a quote by Ron Wyden which is about . He is known to have been associated with numerous other thought provoking quotes on these topics like;
- Men of age object too much, consult too long, adventure too little, repent too soon, and seldom drive business home to the full period, but content themselves with a mediocrity of success.
What does "Like any business, the oil industry runs on the ba... " mean?
This quote is primarily about business although it also includes other themes like . It is attributed to Ron Wyden. Complete quote is as follows;
"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."