Politics of Energy Message Board

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Politics : Politics of Energy

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To: RetiredNow who wrote (8799)	6/1/2009 4:16:33 PM
From: Nadine Carroll	2 Recommendations Read Replies (1) of 86356

The oil market is one in which OPEC decides what price they will target and then they manipulate supply to try to hit those targets. They collapsed because the economy fell off the cliff and credit dried up for all sorts of projects. mm, you made these two statements within 10 minutes of each other. Do you honestly see no contradiction between them? If OPEC is so helpless before changes in world demand, then they can't be controlling the oil market after all, can they? Trying and succeeding are two different things.

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