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To: woodbutcher1963
OPEC may fall apart in the next 5 years. Too many large producers are not part of OPEC now.

OPEC's market share is essential unchanged over the decades, 40%, except during past times where they significantly reduced production to raise prices, then it recovered back to 40%.

This isn't the first time they have had major disagreements.

14 posted on 01/07/2015 7:37:49 AM PST by thackney (life is fragile, handle with prayer)
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To: thackney

Yes, they have always adjusted their production to keep their market share at 40% of world demand. Now, the cartel seems to be loosing its control of production levels. Too many of them need to keep pumping to support their debts/outgoing cash flow.


16 posted on 01/07/2015 7:49:25 AM PST by woodbutcher1963
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