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Old 02-09-2011, 05:11 PM   #5 (permalink)
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Availability is also a price issue.
Oilfields that are not economical to explore at the current price levels, will become attractive at higher prices.

If you have something that is in high demand, you'd be foolish to produce more and sell it today at lower prices than what you could make of it next year.
Keeping a steady output while demand rises, will drive up the price by itself.
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