But the market doesn’t care. Besides, what do you think will happen when ISIS takes over the Levant, as it plans to while it works on other parts of the Middle East? They will continue to undercut other countries but will certainly charge more once they have more control.
Probably they will wreak havoc in a worse way before that happens, however.
The market doesn't care about anything - because it's a market, not a person.
Besides, what do you think will happen when ISIS takes over the Levant, as it plans to while it works on other parts of the Middle East? They will continue to undercut other countries but will certainly charge more once they have more control.
LOL. So much for markets. There are no oil producers anywhere in the world who are charging one penny less than they can get out of buyers. That's true for ISIS as much as it's true for Venezuela as much as it's true for Chevron. If ISIS insists on $200 a barrel for any oil under their control, when the market price of Arabian crude is less than half that, customers will laugh and buy their oil elsewhere. ISIS has about as much power to set the global price of oil as Mickey Mouse does.