Quote:
Originally Posted by Racehorse
Glad you are not a total moron. I agree with most of this. However, do you know which nation is the biggest producer of oil in the world?
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The US. Russia produces almost as much. So when 10 million barrels of oil are blocked, and removed from the world market, the PRICE GOES UP.
Its not algebra. Thank you for making my point.
And it will continue to drop as the US and the Saudis and other opec nations ramp up production. It takes time.