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To: elpadre

If you think oil companies just set the price of oil, and there is not competitiveness in the market, why would the oil price ever drop?

How did prices fall to around $10 in the late 1990s?


21 posted on 05/14/2014 11:39:04 AM PDT by thackney (life is fragile, handle with prayer)
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To: thackney

all I know about oil is what I read on FR and what I pay at the pump


22 posted on 05/14/2014 2:27:45 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: thackney

all I know about oil is what I read on FR and what I pay at the pump


23 posted on 05/14/2014 2:27:57 PM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: thackney; All
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24 posted on 05/14/2014 2:36:37 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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