The Economics and Geopolitics of Fracking w/ Bethany McLean (Perch Pod Repost)
The Jacob Shapiro Podcast
00:00
The Pro-Rationing of Oil Prices
Frida Ghitis: The reason we have high oil prices is because the Saudis want there to be high oil prices and they are reducing production in order to keep the price artificially high. She says it would have been in many ways in fracking companies best interest to limit production and get a higher price. Ghitis: It's very difficult for a government regulator to say, hey, it'd be all in all of your best interests and in all countries best interest if you limited production.
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