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Politics : Moderate Forum
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To: American Spirit who wrote (17182)5/23/2005 6:39:05 PM
From: Brumar89  Read Replies (1) of 20773
 
Of course, the price of oil and natural gas is determined by market forces. Certainly companies producing oil and gas want high prices - they wanted them back when oil plunged to $12/bbl too. Didn't matter what they wanted then and doesn't now. A majority of oil and natural gas reserves are concentrated in countries with national oil company monopolies (Mexico, SA, Iraq, Iran, Kuwait) and countries which discourage foreign investment (Russia, Venezuela).
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