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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (387099)5/29/2008 1:43:57 AM
From: SilentZ  Read Replies (1) of 1576376
 
>I'm not arguing that; I'm simply saying if you cut demand, OPEC can cut supply to offset it -- and they may well do just that.

Except why would they? They'd only do that if:

1. The political benefits of doing so exceeded the economic negatives

2. Lowering the supply raised the price enough to cover the loss of volume

3. They were acting irrationally.

-Z
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