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by specialbat 2278 days ago
You can't have a free market when there is a monopolistic producer
1 comments

Who would that be?
OPEC et al. Oil is a classic cartel controlled industry.
I figured that would be the response, and the current price drops proves that the be wrong as the it is not just falling demand that is causing the price collapse, not that started long before COVID, it is a price war between 2 (of many) large suppliers,

This idea that OPEC controls everything in oil is simply false