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> This ability to turn oil demand on and off, ostensibly at low economic cost, allows the world’s biggest oil importer to move prices just as the Organisation o
by Gys 1mo ago
> This ability to turn oil demand on and off, ostensibly at low economic cost, allows the world’s biggest oil importer to move prices just as the Organisation of the Petroleum Exporting Countries (opec) and its allies have long done through their control of half of global output.
This is not about production. You should read the article and not only the title.
- 1234letshaveatw 1mo agodoes decreasing demand raise prices?
- IAmBroom 1mo agoNo, it lowers prices... which is what happened (effectively) versus expectations.
- ApolloFortyNine 1mo agoMaybe you should accept 'greatest oil power' as fact? It's this one publications opinion. At best. And it's essentially unheard of.