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Say you had an oil well in your backyard(you wish). Costs $25/barrel to get it out of the ground and ship it. You pump 1000 barrels a month. At $30 /barrel you were making $5000 a month. At $60 you're making $35000 a month. Since oil is fungible if you decide to sell for less someone else in the market makes the additional mark-up. What everyone forgets is that a few years ago when oil was $20 a barrel your backyard well was shutdown as a loser. The answer is to find other sources and stop sending all that money overseas!
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