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“Considering where prices are now, flirting with their record level of August 2005 (70.85 dollars a barrel on August 30), OPEC has no justification for reducing the flow of oil.”
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“But even if the chance of OPEC cutting production is almost zero, Iran is interested in letting people think it is ready to use the oil weapon.”
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“It's often said there is not one world market for natural gas, but three regional markets, Europe, North America and Asia.”
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