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GhostOpera406 t1_iumgjfb wrote

Shareholders have found out you don't have to take the risk of the boom/bust cycle. Just price it higher. Gas in an inelastic good. That's a major reason why companies don't even bother drilling anymore, even if the government made it easier.

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buried_lede t1_ix1tzox wrote

That's exactly right. So few people are aware of that. They refer to it as "discipline" and it is assisted by sophisticated pricing models

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