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dbernet

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dbernet

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Re: None

Friday, 07/21/2006 11:50:46 AM

Friday, July 21, 2006 11:50:46 AM

Post# of 361667
I don't see China trading out of any producing fields, marginal or not. Marginal today becomes a good producer with higher oil prices and Chinese demand is going up at any price. Their deals are cash, US dollars from their extreme trade imbalance with the US.

OK with me, I like cash.

db
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