User 278665

The Oil Price Conundrum

Requisite for "Market Price" to occur is an open and competitive market. Oil is at best an Oligopoly with severe gvernment and internation intervention on supply. As such, "Market Price" as typically defined in an open competiive market does not apply as it does not occur. No pricing model will ever get it right. Applying open market terminolgy, market theory, and capitalistic analysis is no better than a dart board!!!