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It will set a floor on oil prices, keeping them from going as low as they otherwise would have. Some have argued that this is a good thing, since it will help t
by matthewdgreen 4y ago
It will set a floor on oil prices, keeping them from going as low as they otherwise would have. Some have argued that this is a good thing, since it will help to stabilize the "boom/bust" nature of the industry -- guaranteeing that oil producers continue to invest in expanding supply.