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Response to Javaman (Original post)

Fri Oct 5, 2012, 12:26 PM

1. This goes back to OPEC allowing countries to produce based on 'stated reserves'.

They were trying to keep prices up, their members were allowed to produce a percentage of 'stated reserves' that were never verified. A lot of them inflated the numbers so they could produce more.

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Javaman Oct 2012 OP
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louis-t Oct 2012 #1
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