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Latin America

Benton D Struckcheon

(2,347 posts)

2. Drilling would continue for a while.

Reply to Warren Stupidity (Reply #1)

Wed May 29, 2013, 10:04 PM

May 2013

You don't just turn those things on and off like a toaster oven, after all. And once turned off, you still have to work through the supply created before the price can rise again.
In commodities, high prices are the cure for high prices and vice versa, but commodity price cycles are multi-year phenomena.

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Venezuela's Bigger Problem [View all] Benton D Struckcheon May 2013 OP

" if the shale oil boom now underway drops the global price of oil significantly" Warren Stupidity May 2013 #1

Drilling would continue for a while. Benton D Struckcheon May 2013 #2

They would collapse in a fairly short time. Warren Stupidity May 2013 #8

I don't necessarily disagree with you that they should start moving away Catherina May 2013 #3

Exports are needed to pay for imports that cannot be satisfied within the nation Demeter May 2013 #4

Does anyone really need bananas or diamonds? Catherina May 2013 #5

No country is an island unto itself, any more than a person is. Benton D Struckcheon May 2013 #9

Juche, anyone? Socialistlemur May 2013 #6

Correction: Heavy crude doesn't yield a product advantage Socialistlemur May 2013 #7

Interesting. Thanks for the info. n/t Benton D Struckcheon May 2013 #10

Back to take a small victory lap Benton D Struckcheon Feb 2019 #11