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As far as I know... and please do correct me or better yet, explain to me how I am wrong, Oil is sold on a world commodities market. The market determines the price of the oil. Exxon, or any other company, has absolutely no say in the matter. If Exxon says "we're not paying more than $80 a barrel!" they would simply sell to someone who will pay.If you know otherwise, by all means.
As far as I know... and please do correct me or better yet, explain to me how I am wrong, Oil is sold on a world commodities market. The market determines the price of the oil. Exxon, or any other company, has absolutely no say in the matter. If Exxon says "we're not paying more than $80 a barrel!" they would simply sell to someone who will pay.
If you know otherwise, by all means.
