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Why oil booms and busts happen : Comments
By Nawar Alsaadi, published 3/3/2016Once upon a time oil demand declined, supply increased, and prices rallied more than 50 per cent. How could that be?
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And given most folks have had an absolute bellyful of being treated as cash cow captive markets! Onya Saudis and the oil glut caused by apparent overproduction?
Or just maybe, an easing demand from ostensibly the largest energy market, China?
And a dwindling oil market and or demand there, teller of the real story about the state of their contracting energy dependant economy?
Rhrosty.