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To: Dawgreg

Oil is fungible...it doesn’t really matter where it is produced. If a million barrels of oil go offline, it affects the price everywhere.


20 posted on 04/08/2019 5:46:59 PM PDT by Dave W
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To: Dave W
If a million barrels of oil go offline, it affects the price everywhere.

When it goes up it's incentive for the frackers to up their output.

You can only manipulate the market for a little while, unless you're the government.

32 posted on 04/08/2019 5:56:44 PM PDT by E. Pluribus Unum (Capitalism produces EVERYTHING Socialists/Communists/Democratic-Socialists wish to "redistribute.")
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