Quote:
Originally Posted by MartinSE
You are serious? You really believe that the price of oil is set by free market capitalism? Not even close.
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Crud oil price determined by volatility of stock market. Naturally oil/gas producers are livid When barrel of oil goes sky high The make money selling it in stock market and make money producing gasoline at bigger margin. IMO The only one who don’t get raise in price is state and federal government which makes more on gallon gas than the producer’s. I bet even when crud oil outrageously priced on stock market which stock traders created higher price.