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Attack shuts down Iraq's biggest oil refinery


Spidey2721

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We don't buy refined oil. We buy crude and refine it ourselves.

 

No, but they'll find a way to increase prices due to it. Besides, if that refined oil is unavailable, then they have to get more oil from somewhere. That drives up demand, thus prices. :( Just in time for spring/summer. Fucking great. What a coincidence.

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We don't buy refined oil. We buy crude and refine it ourselves.

 

True, but our demand also doesn't determine what buyers are willing to trade oil futures for; analysts do. And analysts are so disconnected from reality, they caused Ford stock to go down the moment they reported a $6.6bn annual profit...because those analysts had predicted an $8bn profit.

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