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OPEC indecision of no consequence
Posted on June 08, 2011 at 10:10 AM EDT
It doesn’t matter what OPEC decides with regard to increases. The only ones with excess capacity, for all practical purposes, are Saudis. The others have always pumped all they could and let the Saudis be the swing producer. Historically, the hard part has been to get anyone other than the Saudis to cut production when the Saudis needed [...]
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