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Thread: Oil Crushed as IEA Releases 60M in Reserves

  1. #51
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    Quote Originally Posted by apdst View Post
    IOW, it's yet another conspiracy by the private sector to sabotage Obama???
    No no no... This was true even back to clintons time, at least.

    They are called "special interests" for a reason.

  2. #52
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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Quote Originally Posted by Goldenboy219 View Post
    Production data


    Consumption data


    If only there were a link that shows people how to properly interpret this data

    Define "properly"


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Oil Crushed as IEA Releases 60M in Reserves

    Cartels eventually break down because they realize they can reap huge short term profits by under cutting their own members. It usually takes a while and some sort of outside competition, but it always happens. The only time it doesn't happen is with "natural" occurring monopolies. These can happen when there is only 1 source or 1 buyer for a product. Oil, right now, is not a natural monopoly.
    Hayek - too liberal for republicans

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