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Posted on 3/4/15 at 5:29 am to Degas
quote:
Maybe we should deploy troops in the Midwest so that corn prices can drop.
OPEC is a cartel that has artificially inflated prices for decades by throttling the supply of crude. Big bad evil "Big Oil" companies have sharply increased the supply through fracking which has lessened the cartel's ability to keep prices inflated. OPEC (specifically Saudi) is dumping oil on the market to drop prices more in an effort to stem the growth of US fracking. Saudi's end game is to make oil higher than it previously was by shutting down the US fracking infrastructure.
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