With rising oil prices, if countries decided to curtail their consumption - akin to a directed economy - to reduce purchases to a minimum and even refusing to buy above a certain value, what could that cause?

The first reaction I’d expect would be production cuts to hold the prices but, technically, those are already happening. Demand is just not following.

  • rmuk@feddit.uk
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    1 day ago

    An interesting thing about diesel trains is that almost without exception the diesel engine is actually used to power generators rather than drive the wheels directly; the drivetrain (ahaha) is actually electric. Partially this is to reduce the number of moving parts, but it’s mostly because of the insane traction of electric motors.