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In response to
"My theory is that the US pulled some strings and got OPEC to go full-throttle with oil production, causing the price drop ..."
by
Beryllium
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the price drop is largely demand driven. when people start scaling back growth forecasts in asia, europe and the us it doesn't take....
Posted by
x (aka dmuck)
Nov 12 '08, 10:11
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a rocket scientist to figure out that demand for petroleum products is also going to drop.
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