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Anybody that is selling a supply of something is going to limit that supply if he can get a higher price and make more money overall, even though he is selling less quantity.  If OPEC decided to double the price of oil, they might end up making less money overall than they are now because the higher price would reduce demand.  From our perspective, it may seem like OPEC has a gun to our heads, but you have to look at it from their perspective.  Nothing could be worse for them than to have all that oil and nobody wanting to buy it.  There is no conspiracy, just the beauty of supply and demand.
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