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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (20313)7/21/2007 1:26:12 AM
From: elmatador  Respond to of 218705
 
Oil is a cartel with quotas. Controlled supply. Price artificially high by keeping major producers out:

Libya embargoed before.

Iran without investment for almost 3 decades.

Iraq involved in a war right now.

Lousy producer such as Mexico that doesn't allow foreign technology and foreign investment on the state owned Petrossaurus

All artificial -or ineptude- devices to keep the oil price up where it is.


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