4 ms·

Oh yeah? Have you been watching any news in the last two weeks?

• deleted 7y ago
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• mercutio2 7y ago
  Every supplier in a marketplace has the ability to lower marginal prices in a price war. Only effective cartels can raise prices at will. And OPEC’s power to do this is pretty clearly diminished, if not destroyed, by expanded US and Russian capacity.
  • objektif 7y ago
    Again you must be sleeping last two weeks. Saudis single handedly destroyed oil prices.
    • mercutio2 7y ago
      The Saudis most certainly did not raise prices, which is the point I'm making. I'm well aware that the lowest cost producer can lower prices at will.