the fact that oil futures for deliver in next Thursday are at $0 does not contradict Krugman& #39;s point here

these are entirely different topics

I mean, Krugman is an ass, but ...prices are not the same thing as production volume https://twitter.com/greg_price11/status/1252309490562719745">https://twitter.com/greg_pric...

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Krugman wasn& #39;t wrong.

Crude oil production had in fact been relatively flat in the decade before 2010. It& #39;s climbed a bit since then - around 2% per year, IIRC? https://twitter.com/Maxtwell/status/1252311095123103744">https://twitter.com/Maxtwell/...

3/

https://www.indexmundi.com/energy/?product=oil&graph=productionCC">https://www.indexmundi.com/energy/...