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OPEC Announces Production Cuts

OPEC Announces Production Cuts

By Peter Zeihan

“NB: at 1:57 I mention internal financing, but I should have said external. Margaritas…”

“The Organization of Petroleum Exporting Countries (OPEC) and Russia announced yesterday that they would be cutting back daily oil production to the tune of about two million barrels per day to help shore up oil prices. I would be more concerned if OPEC wasn’t already struggling to meet its own quotas…

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