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To: Democrat_media
I agree in the past, many years past, OPEC has raised the price of the oil in the market by restricting production.

You could even make the argument, that by not increasing production over the last few years, they have helped the US build a substantial increase in our oil production. Our real growth would not have happened in the low prices of early 2009 had continued.

in a free market price would be stable

Actually, commodities markets show pretty clearly stable prices are not normal outside of a cartel willing to manipulate price. I'm not arguing OPEC is a good thing. But utopia doesn't exist in the oil industry with or without OPEC.

23 posted on 12/16/2014 12:02:23 PM PST by thackney (life is fragile, handle with prayer.)
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To: thackney
i disagree. there are no truly free markets. it is state manipulation as in state cartels that causes artificial prices. in truly free market price meets at the point that supply and demand intersect. if the price goes higher then supply increases( oil production increases) to meet demand and price remains the same etc.
24 posted on 12/16/2014 12:12:37 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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