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[QUOTE]Originally posted by glassman: [QB] this seems to be the main economic factor today.. world demand is about 1.5 million barrels above world supply... that is also just about the difference in iraqi production since the war started.. iran may decide to reduce output as a result of the sanctions placed on them this week, or they may have no market... how can the admin can place sanctions on anybody doing business with iran when we all know that we all need the oil? doesn't taking one countries oil off the market just increase the value of the other countries oil? [/QB][/QUOTE]
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