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That's not what the previous poster was referring to. "Controlled by Just Three Men" sounds like there's a smoky back room where Joe, Bob and Fred meet weekly
by jpatokal 8y ago
That's not what the previous poster was referring to. "Controlled by Just Three Men" sounds like there's a smoky back room where Joe, Bob and Fred meet weekly to collude on oil pricing. Instead the three men are heads of nation states, each of whom can certainly influence the oil price, but they're not cooperating to fix it.
- onetimemanytime 8y agoWe're going back and forth, but yeah, Trump can increase production with a phone call. Maybe threaten or promise a favor to SA. A $500 per bbl is not good for OPEC long term, so there's a lot more than let's just increase the price. Even in USA with the three branches, the US President has a LOT of power and if he promises to pass a bill, he has a lot of lever$ he can use to assure the votes are there. So, yeah, these three men can control the oil price if their interests align.