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-Buy up every last drop of oil
- Crash the market
Rinse and repeat.
originally posted by: blkcwbyhat
a reply to: BornAgainAlien
while the observation is true on the surface,the rumors I've read and heard believe that OPEC maintained the production in order to hurt the soviet oil sales.If the soviets are supporting the ISIS ,oversupply will hurt the russin economy.It will also make investors think twice before investing in the keystone pipeline,fracking,or alt energy.This will keep the world dependant on middle east oil in the future.
originally posted by: Agit8dChop
I think the price of oil is heavily manipulated.
There wasn't a glut all of a sudden over night.
This is the US and Saudi putting their collective might together to squeeze Russia.
It proves to me 2 things.
1. The oil companies have greatly manipulated the price of oil to make incredible profits for the past decade.
2. The Australian Government is full of BS. Oil hasn't changed in price here, yet the cost of oil has halved.