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To: thackney
I find it amazing that capitalists are complaining that OPEC won’t work as an effective cartel to hold back production and raise prices.

I have really noticed this too. I am wondering if the derivative markets are getting real squeamish and that is what we are hearing. Low energy prices are a boon. Only investors in the energy sector get knocked, but transportation and manufacturing love the low prices. As a consumer, I love it (I do have some stocks in the energy sector, but they will be fine long term).

15 posted on 12/16/2014 11:39:45 AM PST by fatez (Ebola, Obama's solution for shovel ready jobs... Bring out your dead!!!)
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To: fatez

Even worse are the one that think since Saudi won’t raise oil prices by cutting production, the feds should force the US prices higher than the rest of the worlds with more taxes.


21 posted on 12/16/2014 11:52:21 AM PST by thackney (life is fragile, handle with prayer.)
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