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06-02-2010, 10:11 AM | #20 | |
Blowing smoke
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Re: A Real World Solution To the Gulf Oil Spills
Quote:
As a side note to the above, the oil companies don't "set" the gas/oil/diesel prices. They are typically based on the futures prices that are traded on exchanges. The "market" allows for the price equilibrium. The participants include banks, individual traders, pension funds, hedge funds, etc in addition to the oil players. |
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