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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 393.24+1.1%Dec 11 4:00 PM EST

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To: maceng2 who wrote (1334)10/21/2005 11:17:30 PM
From: elmatador  Read Replies (1) of 218449
 
"we have plenty of oil" since reserves were not developed because the US embargoed the development of oil fields in Iran, Iraq and Libya. Only now Libya is opening up, Iraq and Iran no end in sight.

Now to go for oil sands because of a artificial high oil prices is no good when Iran, Libya and Iraq could be flooding the world with cheap oil.

If oil was peaking did OPEC need its cartel to control production?
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