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Pastimes : Home on the range where the buffalo roam

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To: mishedlo who wrote (8960)	1/15/2001 1:17:16 PM
From: mishedlo	Read Replies (1) of 13572

Oil - production cutbacks. What will this do to inflation and the price of gasoline? Will this spook the markets. So far it has had no affect on overseas stocks yet. DUBAI, United Arab Emirates (AP) -- With OPEC expected to agree on Wednesday on a production cut of at least 1.5 million barrels a day, the U.S. energy secretary said rumored production cuts of 2-3 million barrels a day would be too much.] [In Venezuela on Sunday, President Hugo Chavez said ``the (production) cut is coming ... to bring back fair prices.' Chavez said $30 a barrel is a ``fair' price for crude. Since taking office in February 1999, Chavez has spearheaded the process to unify the 11-member oil cartel.] biz.yahoo.com

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