April 2014 Oil Crisis (Need Private Corporations)

Well, supply far exceeds demand right now, and has been since at least a month ago. People are building an unusually large number of new Oil corporations, making the whole oversupply even more over.

It is silly.

Anyways, The Kingdom of Victoria could use some CEO help. I have 9 Oil corporations that are about to go under because of this, and will shut down these corporations with every new construction or move request.

0% tax
Low welfare index
Tight budget

I reckon they are also building an unusually high number of High Tech Service Corporations too... They've been in the greens for some time now.

Being around for long years... I personally doubt it's 'new players' building Oil corps.

AC CM

have almost 2 million workers

Nicolas is right. The main factors as we've been able to see are:

a)Production Levels: production levels have changed several times a few months back. This immediately caused oversupply, but also made a market correction difficult as there is still lingering tendencies which have not adjusted to the new reality.

b) Supply requirements: Many groups have also changed which contributes to the phenomenon mentioned in a).

c) Interplanetary trade: A number of large, space players have been trading huge quantities of supplies between the world. This has caused massive oversupply which is done to either reduce supply costs, close c3 corps or crash prices for commodity trading.

The number of new player corps is probably a minor factor though.

WG should place an embargo on all extra-planetary products!!!

Well, I've looked at the charts and over the past two weeks there was a significant increase. It was a literal spike. 300 new oil corporations appeared amidst the oil price drop.

I suspect new players have nothing to do with it. I think someone with a lot of money is trying to corner the oil industry.

Thanks Craig.

I would like to add a few more comments.

1) My 2 HIGHLY profitables LU CEOs are in the process of becoming bankrupted... One much more faster.

LU CEO 1 used to make 650-800B per game month for long time, and used to transfer around 50B to corps automatically.
But now and during last real life weekS (since these consecutive changes on the marke) it's making -700B to -200B (yes negative) per game month, and 50 to 400B transfered to corps.
The CEO also has 12T in debt now....

LU CEO 2 is too similar. It's not in debt already, cause it has been sucking all the available cash the enterprise had. At this pace, it will end like LU CEO 1.

I'm mentionting this, cause the said changes were aimed to balance the martket and it will give "EVEN MORE PROFIT TO CURRENT PROFITABLE CORPS". More or less, GM words and it's not happening to me only.

2) Pe

From what I can see the GM likes surpluses.
However surpluses cause price drops until the item is no longer profitable and corps start to fail...
And round we go.

Most of the markets are bad now, so most peoples FI rating are falling.

We've known for years that the GM manipulates the markets... Along with the broken graphs, magical injections of certain products appear from time to time. In addition, note that some people bought large amounts of the products in question at a cheap price and when markets return to normal they will begin dumping aplenty, thereby extending this issue...

His tampering again, mixed with the heavy dumping is ruining the game for 95% of us.

glad im in the 5 percent that only makes potatoes

^ Until someone floods the market with all potatoes