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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: fxfun who wrote (94264)12/5/2007 5:49:42 PM
From: Ed Ajootian  Read Replies (1) of 206151
 
fxfun, thanks for setting me straight. Here is a comment from the 11/27 email from WTRG:

"On December 5, OPEC meets to set quotas. Saudi Arabia may announce a half million barrel per day increase in capacity at that time. If not, it will do so, by early next year. Capacity is not production but the new Saudi crude will be higher quality and sold first at higher prices. The addition of more quality oil to the market should put downward pressure on price."

Not sure what field(s) this increase in capacity is coming from.
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