Daily Archives: February 24, 2011 @ 10:11 am (Thursday)

Saudi Arabia in talks to boost oil output

Right, as swing producer/monopolist that’s what they necessarily do- set price and let quantity adjust. But if quantity demanded exceeds their ability to pump they lose control of price on the upside. >    >   (email exchange) >    >   On Thu, Feb 24, … Continue reading

Posted in Comodities, Oil | Tagged , |