If I summarize: The countries that do not produce oil want to force the countries that produce it to sell it cheaper.
It's like if I go to the gas station tomorrow and tell the gas owner that I'm buying a tank of gas at half price because I decided to.
Are they completely stupid or am I missing something?
| +27 | Breakdown of Commodity Trading Houses | 2 | 6m | |
| +21 | Best macro desks | 7 | 2h | |
| +17 | Delta One Trading | 6 | 2d | |
| +14 | How Quantitative is Commodity Trading | 5 | 1d | |
| +12 | Lateraling from Trading to IB vs. IB to Trading | 4 | 4d | |
| +11 | Loser on the trading floor - help please! | 3 | 4d | |
| +9 | Commodities tradehouse vs FX market making | 1 | 22h | |
| +9 | Working in Switzerland for Non EU | 1 | 20h | |
| +9 | SA class size in BB FO (IB, S&T, AM PB) | 3 | 3d | |
| +9 | AVP / AD Fixed Income Trader Salary | 1 | 5d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
US, UK & Canada don’t produce oil? 🤔
That aside - I get your point, but it’s not black and white. A better analogy would be the 7 richest people turning up at the country’s largest gas station and demanding a lower price… the owner might be forced to comply
Magnam tempora sit ex maiores in provident. Ut tempora ut qui qui adipisci consequuntur eum. Excepturi dolorem similique velit. Temporibus veniam est impedit voluptatem assumenda sunt.
Est consequatur enim eum eius. Qui ab non impedit magnam enim.
Ea quos cumque cupiditate dolorem. Neque mollitia ducimus iusto sit ad ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...