DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Saudis cut oil output by 1 million barrels a day to raise prices

**Gedominew** · 01-02-2007, 10:23 AM

They cant actually "raise" prices. Those are controlled by the futures market. All they can do is control supply.

Now who is the one that doesn't understand the basic laws of economics and supply and demand theory.

01-02-2007, 10:23 AM	#2
Gedominew Join Date Nov 2005 Posts 519 Senior Member	They cant actually "raise" prices. Those are controlled by the futures market. All they can do is control supply. Now who is the one that doesn't understand the basic laws of economics and supply and demand theory.
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