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Facing Glut, Price of Oil Falls Sharply
NYT ^
| 10/13/14
| By CLIFFORD KRAUSS
Posted on 10/13/2014 5:41:15 PM PDT by Oliviaforever
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To: dead
If they could just accurately and consistently predict the price of oil, they could hire Bill Gates as their pool towel boy.
41
posted on
10/14/2014 5:41:23 AM PDT
by
thackney
(life is fragile, handle with prayer.)
To: jjotto
42
posted on
10/14/2014 5:42:41 AM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: Oliviaforever
Gas prices down? Must be an election coming soon.
43
posted on
10/14/2014 5:42:41 AM PDT
by
Fresh Wind
(The last remnants of the Old Republic have been swept away.)
To: thackney
Not in the long run. Becoming more dependent on OPEC is not going lower prices past the short term damage of the US oil production industry and associated jobs. In the long run, minor fluctuation is best, since it will only cause minor disruptions in the US oil industry. If the price stayed astronomically high for too long, and exploration was increased exponentially, the industry would be much more vulnerable to Saudi over-production and a US industry-wide crash.
44
posted on
10/14/2014 2:48:50 PM PDT
by
St_Thomas_Aquinas
( Isaiah 22:22, Matthew 16:19, Revelation 3:7)
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