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Crude Reality: Big Oil's Purposely Restricting Supply

Apparantly the Author of this article has never had Economics 101, I have. Apparantly the author is not familar with inventory cleansing, I am. It is not in anyone's best intrest, especially big oil and the Saudi's to have oil priced in this range. There is a reason for inventory cleansing and the price wars that use to be common in this country. One reason was to protect market share, the Saudis were famous for opening the flood gates to protect market share. For the Author of this article I would rec the book "The Prize" by Daniel Yergin. It is a great beginers book on oil, won the Pulitzer if I remember correctly.