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  • Fri. Nov 15th, 2024

There’s a simple lesson in economics we can gain from Australia’s $94m petroleum purchase

Posted.

April 26, 2020 06: 00:48

Did you hear the Australian Government purchased $94 million of unrefined oil from the United States last week?

Last week, Australia took benefit of record-low oil prices to buy a stockpile of unrefined oil from the United States.

By the standard definition, Austr

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