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Message
re: Texas economy is cratering
Posted on 3/30/15 at 11:02 am to TheIndulger
Posted on 3/30/15 at 11:02 am to TheIndulger
quote:
Oil companies don't determine the price of oil
Not on paper. You're right.
quote:
the market does
Sooo, you dont think these companies has any affect on this "market" you're speaking about?? Im totally sure there is no manipulation going on.
Posted on 3/30/15 at 12:10 pm to Tommy Wayne
quote:
Sooo, you dont think these companies has any affect on this "market" you're speaking about?? Im totally sure there is no manipulation going on.
Oh, they do, alright. Their overproduction is causing the price of oil to tank. They could all stop producing to drive the price of oil up, but then they wouldn't make money and go bankrupt. See how it works?
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