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The Water Cooler
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Oil Price Per BBL
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<blockquote data-quote="Nraman" data-source="post: 2691760" data-attributes="member: 10001"><p>It's a tightly controlled market, at any moment OPEC can decide to cut production. We are at their mercy because we are not allowed to produce our own oil.</p><p>The price will be what they decide. Whether they allowed the prices to drop to drive the frackers out of business or to screw with Russia that doesn't like to be controlled by OPEC or to mess with Iran, for whatever the reason, they still have control.</p></blockquote><p></p>
[QUOTE="Nraman, post: 2691760, member: 10001"] It's a tightly controlled market, at any moment OPEC can decide to cut production. We are at their mercy because we are not allowed to produce our own oil. The price will be what they decide. Whether they allowed the prices to drop to drive the frackers out of business or to screw with Russia that doesn't like to be controlled by OPEC or to mess with Iran, for whatever the reason, they still have control. [/QUOTE]
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