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by JumpCrisscross
2933 days ago
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> it wasn't supply/demand that then caused oil to implode from $120 to under $20 Yes, it was. On the supply side, we got fracking. On the demand side, we got Great Recession. > restrain Russia by using the USD to crash oil The recent oil crashes were prompted, again, by supply-side factors. Not government intervention in the U.S. dollar's exchange rate. If anything, American military interventions in Libya and Syria, combined with equivocation with respect to Iran, has introduced supply-side constraints on the market. |
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