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Not really - they are relying on keeping output high to depress prices. Otherwise, other sources of oil (eg, US shale, South American oil sands) that are more e
by ppf 8y ago
Not really - they are relying on keeping output high to depress prices. Otherwise, other sources of oil (eg, US shale, South American oil sands) that are more expensive to extract become worthwhile, sending oil revenues to those other countries.
- ppf 8y agoYou are right that the politics of this is very interesting, though.
- benj111 8y agoYes obviously there are many factors that come into play. But this is one of the few factors they can make up. You can't fudge production numbers, you can fudge what's still in the ground. But which way to fudge it?