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About half of OPEC called for cut of 2.0 million barrels a day while the other half called for something closer to 1.0 million barrels a day. Settled on 1.5 million barrels a day although it will eventually settle in the 1.8m range.
High gas prices ARE here to stay and this past summer's $4+/gallon prices IMO will be a drop in the bucket compared to future prices. We're "enjoying" $2.50/gallon right now.
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