OPEC used to believe that its fortunes were tied to the health of the global economy. But as I noted last month , its current policy is more reminiscent of ‘the difficult times of 1973/4 and 1989.80’. The evidence for this statement is mounting. Saudi
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Read the complete post at http://www.icis.com/blogs/chemicals-and-the-economy/2008/04/opec-suggests-200bbl-oil-1.html