If increasing supply could lower the price, why doesn't the US/UK increase production in Iraq? They have the 2nd biggest reserves of oil & gas in the world and could quite easily swamp the market to drive the price down.
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If increasing supply could lower the price, why doesn't the US/UK increase production in Iraq? They have the 2nd biggest reserves of oil & gas in the world and could quite easily swamp the market to drive the price down.