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Originally Posted by ezrabrooks
DTS, what are the Saudis independently going to do to lower price. The only way to lower world oil price is cut demand, or increase production. The Saudis are members of OPEC, and can't produce a significant more crude than what is allotted to them. I would say the drop in price is due to production catching up with todays demand...rather than some kind of election time conspiracy.
Ez
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Ez,
Click on the "marketwatch" link in my previous post.