Quote:
Originally Posted by 12clicks
in my opinion, opec is manipulating price and not cutting supply to bankrupt the frackers. fracking is only profitable above $70 a barrel or so. Drive the price below that for a year, bye bye fracking competition. Do it several times over the next decade, and you'll never have people even trying to frack.
but what do I know.
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That's not possible! Only Supply and Demand dictate price! Didn't you see that?
Political, regulatory and competitive motivations have nothing to do with price.
Unlike everything else in the world, gas is unique in that only supply and demand matter.
The fact that "
supply" is artificially and completely controlled by a tiny group of cartels is irrelevant!
/facepalm
