US oil biggies are likely the ones setting or influencing policy to keep it high at 60.
Why, because to reduce his cap means our oil biggies would maybe have to lower their prices or pick up a little production, neither of which they openly stated they would do.
The reason was so that their shareholders, and I don't mean common shares at all, keep getting their profits and dividends. It's never been about the end user, here or abroad.
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