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Putin Biden Ukraine Negotiations
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<blockquote data-quote="bbsam" data-source="post: 5180513" data-attributes="member: 22662"><p>Oil is all about supply and demand. Russia and OPEC nations routinely play games on the supply side. They can literally decide how the world economy goes. The US oil industry can to a certain extent except that shale is a more expensive process. As soon as the US ramps up production to drop prices, other oil producing nations can send them back up by cutting production. And when the oil companies are owned by the state, well there’s all sorts of palace intrigue that come into play.</p></blockquote><p></p>
[QUOTE="bbsam, post: 5180513, member: 22662"] Oil is all about supply and demand. Russia and OPEC nations routinely play games on the supply side. They can literally decide how the world economy goes. The US oil industry can to a certain extent except that shale is a more expensive process. As soon as the US ramps up production to drop prices, other oil producing nations can send them back up by cutting production. And when the oil companies are owned by the state, well there’s all sorts of palace intrigue that come into play. [/QUOTE]
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