I think you are missing the point the oversupply could never be...

I think you are missing the point the oversupply could never be fixed by saying we should produce more wool. The same goes for oil the price will only improve when supply reduces so it is a very limited view to say produce more oil to offset the low price because if over supply produced the low price then more over supply will produce even lower prices it’s not a complex equation. If all the oil company’s take this approach then this price spiral will never end so company’s need to look at how to end the oversupply. This may need to be done at a government level but however it needs to be done it needs to be worked on. OPEC is willing to improve the price but they won’t do the cutting alone and the sooner oil company’s realize this the better. For anyone who thinks it is beyond companies to work this out have a think why diamonds are worth anything it’s because almost all suppliers cooperate on the supply side.