Post
Topic
Board Economics
Re: The reason that crude oil price crashed
by
user2
on 15/12/2014, 22:29:45 UTC
Opec countries could have lowered oil production which would support high oil prices, but then they would lose market share. It's not that they (including Saudi Arabia) specifically hate US oil producers, they hate all competition and would do whatever it takes to protect their market share. Just as any other market participant would. E.g. Microsoft or Intel.
Anyone knows where I can get a good tinfoil hat?