Thread: oil price
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Old 22-05-2008, 23:10   #9
MargaretR
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Re: oil price

On radio4 tonight it was said that Russia produces as much as Saudi Arabia, using out of date plant that they renationalised in the 90s.

They are coining it in and just banking it, because to invest the money in new plant would increase production and reduce the price (so no incentive to invest)

They may have lost the cold war but they have us by the short and curlies now.
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