At the height of the 2008 financial crisis, in the time it took a completely full oil
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At the height of the 2008 financial crisis, in the time it took a completely full oil tanker to travel from Saudi Arabia to the United States, the price of oil fell nearly $50 per barrel. Use the expected price formulation to explain how that could happen?
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The prices of oil barrels are established by the usual dema...View the full answer
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