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<p>[QUOTE=&quot;GoldFinger1969, post: 26741765, member: 73489&quot;]No, it&#039;s because with LIFO accounting, prices need to adjust ASAP.&nbsp; Otherwise, the business would be short on inventory and/or bleed cash.</p><p><br /></p><p><i>If someone bought some gold 3 years ago, would you expect them to sell it today based on the $1,700 an ounce purchase price in 2023 ?&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></i></p><p><i><br /></i></p><p>Oil is priced globally, with small regional differentials (i.e., WTI vs. Brent).&nbsp; Where you &quot;get&quot; the oil doesn&#039;t matter.[/QUOTE]</p><p><br /></p>

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