Democrats Ramshield

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It is virtually impossible to tell someone that a belief essential to his world view is untrue: it's invariably necessary to show him. So it is that oil producing nations such as Iran, Russia and Venezuela all believe that the global market price of oil is based upon physical supply and demand. That conventional view may been briefly shaken when the price collapsed from $147/barrel in July 2008 to $35/barrel in December 2008 while the physical demand for oil varied by no more than 3%.