Once upon the time all you had to do was look for puddles of oil showing above the ground. You stuck an oil drill into it and you had yourself a financial buffer – money , cash , riches , foreign currency , wealth , dollars , yen , euros , British Pound Sterling. To wit : spindlestop, TX and endless success of more of those riches and investments to come.
Gigantic oil reservoirs of cash abound – worth tens of tens of millions and billions of dollars and tax dollars or yen , euros or whatever. Gigantic oil reservoirs worth those funds are racing to the surface under geologic pressures at a rate of 1 million barrels a day.
The powers that had to be had to implement a price limit “below” which it could be be impractical , non profitable and perhaps illegal to sell the oil so as to to ruin local producers and the currencies which they pay their local government authorities.
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