Why do some oil companies drill for their own crude oil, Macroeconomics

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Why do some oil companies drill for their own crude oil

Problem

(Bounds of the Firm) Ashland Oil buys its crude oil in the market. Larger oil refiners, such as Texaco, drill for their own crude oil. Why do some oil companies drill for their own crude oil and others buy crude oil in the market?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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