Worse to come, called "demand destruction" | Eastern NC Now

Have you ever heard the term “demand destruction?” If you have not, you soon will.

As the price of oil increases, get ready to hear a lot more about demand destruction. Because when the price of a barrel of oil goes up, a lot of things will follow. When a commodity is priced so high that consumers find alternative ways to use left of it, that is demand destruction.

In this case, don’t dismiss the probability that this is being done on purpose in order to hamstring the American people with the Green New Deal.

What most Americans don’t understand is that only about half of each barrel of oil is turned into gasoline. The other half is turned into all manner of things, including but not limited to:

Solvents, ink, insecticides, sweaters, bicycle tires, tires, dresses, petroleum jelly, motorcycle helmets, life jackets, insect repellent, fertilizer, diesel fuel, motor oil, roofing, linoleum, nylon rope, water pipes, shampoo, paint rollers, toothbrushes, combs, paint brushes, bandages, ammonia, shaving cream, refrigerators, toothpaste, iPhones, and hundreds of other products.

https://www.lawenforcementtoday.com/something-much-worse-than-high-gas-prices-is-coming-its-called-demand-destruction-and-will-be-catastrophic/