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Wingsofthepegasus t1_itbo69j wrote

Reply to comment by ELk0mm4nder in Iraq, Algeria, Oman, Kuwait and Bahrain Affirm Support for OPEC+ Production Cut by millennium-wisdom

Or capped the cost like some countries.

Edit: Though I would love to see better and more expansive public transportation

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Octahedral_cube t1_itcl41k wrote

There's no such thing as free lunch. When the govt caps the price, (depending on the contracts) the government will likely pay the difference using money from the govt coffers. This is still taxpayer money, or govt borrowing. Small producers may be forced to sell at lower prices if they can't sell internationally. In times when demand outpaces supply you can choose to sell to someone else, if you have the muscle to do so.

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