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The market capitalization of the large oil companies have also been very closely correlated with oil prices, so cheap oil could in fact hurt their margins rathe
by z2 7y ago
The market capitalization of the large oil companies have also been very closely correlated with oil prices, so cheap oil could in fact hurt their margins rather than help shareholders.
- conanbatt 7y agoAs logical as thinking that capping the velocity of cars only harms car companies. It's just not economic thinking.