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Old 06-08-2011, 02:36 PM   #394 (permalink)
Arragonis
The PRC.
 
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Not sure why you pick on Iraq especially, but all of these producers are looking out for themselves - or rather their ruling families or tribes in the short term.

At least when OPEC had influence they looked long term - hence the increase in production in the 80s after the shortages of the 70s.

The fall in the influence of OPEC is especially worrying long term.
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