| Energy experts like myself have long sighed to hear the various explanations for oil price collapses, including manipulation by commodity traders, geopolitical warfare (Reagan tells Saudis to crash oil prices to defeat the Soviet Union, Saudis punish Iranians with lower oil prices, etc.), OPEC’s battle with competing resources and producers, and even big oil (sorry, BIG OIL) raising prices to gouge consumers and lowering prices to hurt their competitors.
These theories tend to be embraced by people in small companies, who lack the resources and expertise to understand market fundamentals...............................................Full Article: Source
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