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Response to brooklynite (Reply #8)

Mon Oct 13, 2014, 09:04 AM

12. Supply and demand left the market years ago

 

When the middle east kings of oil producing nations got together to set the price of oil, it became a price fixing monopoly. Today only five oil corporations control most of the oil. They routinely play games to fix the price. I think the rich old men who own the corporations are too greedy to let the price drop into the low price range. If it goes below 2.5, I would be surprised.

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