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Tell me what's wrong with this idea … O.P.E.C. Is a group of Oil producing nations that collude to determine how much oil is put on the International Market at any given time, and by keeping production low they create a demand that keeps the price of oil higher than need be.. An I correct so far?
If there is a seller's group in collusion to manipulate a selected portion of a market, why can't there be a buyer's group in collusion to off set the seller's group.. The Oil Buying Countries or O.B.C.
If the speculators in the oil market were told that in 6 Months time that speculating on oil is forbidden across the World, and the O.B.C. explained to O.P.E.C. and any other Country that sells oil, that they are now paying $50.00 for a Barrel of oil and this is a fixed price until O.B.C. meets again next year in Hawaii, why wouldn't this work..
I know the speculators would scream loud and long, but these guys have sucked many tons of money from us over the years, and beside they have any number of outlets to gamble their ill gotten gains..
Collusion is a bad word here in the West, but sometimes there are things that must be done for the betterment of the World as a whole… Remember Energy is everthing..
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