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OPEC's pact with Russia falls apart, sending oil into tailspin
Reuters ^ | March 6, 2020 | by Rania El Gamal, Alex Lawler, Olesya Astakhova

Posted on 03/06/2020 9:52:04 AM PST by Oldeconomybuyer

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To: SunkenCiv

[OPEC simply has long had a policy of keeping their oil price-stable in the EU. That’s what is documented there. Period.]


Color me skeptical. Both oil and currency exchange rates are all over the map, with oil being much more volatile. This guy cherry-picked (both from currency and oil data) 3 data points from 3 years in which oil was relatively stable, which is not exactly representative of reality.


21 posted on 03/06/2020 11:39:15 AM PST by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei
Since it is entirely based on real data, it's entirely representative of reality. The policy makes sense, as well -- it addressed the possibility of a further shift to Russian oil sources by the EU.

22 posted on 03/06/2020 12:24:04 PM PST by SunkenCiv (Imagine an imaginary menagerie manager imagining managing an imaginary menagerie.)
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To: BlueLancer

Paid $1.84 yesterday at Sams in Plano, Texas


23 posted on 03/06/2020 1:56:50 PM PST by antidemoncrat
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To: 11th_VA

2.10 update
Gastrol Plus
4 S Woodbury Rd & E Holly Ave


24 posted on 03/06/2020 2:02:32 PM PST by slickdain (Make America Wealthy Again ... STOP H-1b visas!)
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To: 11th_VA

$1.95 in Conroe Tx yesterday. With 20 cents off from Kroger, actually paid $1.75.


25 posted on 03/06/2020 3:49:04 PM PST by muffaletaman (IMNSHO - I MIGHT be wrong, but I doubt it.)
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To: 11th_VA

$1.84 yesterday in Oklahoma City


26 posted on 03/07/2020 6:43:44 AM PST by ops33 (SMSgt, USAF, Retired)
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To: Oldeconomybuyer

My neighbor just bought a new Ford pickup with a 49 gallon tank.

MAGA!


27 posted on 03/07/2020 6:46:22 AM PST by nascarnation
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