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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (189623)6/4/2004 4:48:14 AM
From: Amy J  Read Replies (1) of 1576881
 
RE: "BEIRUT The Organization of Petroleum Exporting Countries agreed Thursday to raise its oil production quota by two million barrels "

This increase is because they are afraid alternative sources of energy will be increasingly supported by the govt and used by consumers, thus reducing their profits.

So, to maintain their long-term profits, they reduce the price of oil in the short-term in order to reduce the risk of alternative energy sources replacing some long-term oil consumption.

Regards,
Amy J
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