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Pearls of Wisdom on Peak Oil

General discussions of the systemic, societal and civilisational effects of depletion.
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Re: Pearls of Wisdom on Peak Oil

Unread postby ennui2 » Sat 13 Feb 2016, 18:33:50

$this->bbcode_second_pass_quote('Tanada', 'H')ere is my recent Pearl of Wisdom,

In the current world market every time the world price of oil falls below $30/bbl the smaller OPEC players and/or Russia talk about cutting production to drive it back up.


And then it goes up, what? $10? Then falls back down again. How many times could that be employed as a trick before markets wise up to it? Ultimately it's supply and demand.
"If the oil price crosses above the Etp maximum oil price curve within the next month, I will leave the forum." --SumYunGai (9/21/2016)
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