What historical price fluctuations of oil does the speaker mention?
PTT CEO Vongvanich Is Comfortable With Oil at $50
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Business, Social Studies
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The video discusses the Indonesian government's policy and its impact on business relations. It analyzes historical oil price trends, noting fluctuations from $120 to $26 per barrel, and the current stability around $50. The discussion emphasizes the importance of economic balance, highlighting that prices too high or too low are unsustainable. The role of OPEC and additional production from non-OPEC countries in maintaining market balance is also explored.
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What is the speaker's perspective on the role of OPEC in oil pricing?
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