If a country has the means of production, why can't they just produce more oil and thereby create competition to lower the price?
Answer: Because the oil market is rigged. It is a complete sham. There is no demand-supply mechanism in place. It is political price-fixing of a centralized market. Only when this is addressed and the political cartels are removed to create a real decentralized market, will we get fair prices again.
NOW we can wait 2 months to see it at the pumps. Funny how it goes up overnight when oil rises but when oil falls it takes months to see the effect! I guess I don't understand how Big Oil works! Cough, greed, cough!
Silver 70.42 up more than 2 dollars.
Traders are betting heavy on this deal.
If a country has the means of production, why can't they just produce more oil and thereby create competition to lower the price?
Answer: Because the oil market is rigged. It is a complete sham. There is no demand-supply mechanism in place. It is political price-fixing of a centralized market. Only when this is addressed and the political cartels are removed to create a real decentralized market, will we get fair prices again.
OPEC
So far, POTUS has shut down 8 global conflicts and ended 2 terrorist states.
God's Warrior!
NOW we can wait 2 months to see it at the pumps. Funny how it goes up overnight when oil rises but when oil falls it takes months to see the effect! I guess I don't understand how Big Oil works! Cough, greed, cough!
https://nitter.poast.org/i/status/2066288222972318165