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Gizmo

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Re: snootmagruder post# 136168

Friday, 11/28/2008 10:23:56 AM

Friday, November 28, 2008 10:23:56 AM

Post# of 148479
I remember that period. There was a price war in the Middle East as everyone was cheating on quotas except the Saudi's. The Saudi's being the largest producer with plenty of excess capacity opened the foodgate to teach the others a lesson. It worked, at least for a time, strengthening OPEC.

Gizmo...


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