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In the past 6 years (since 2000), suppliers have had all the incentives to produce more, and are finding it surprisingly difficult to do so.

Apart from BP, whose production increase is linked to its purchase of half of TNK in Russia, all the majors are seeing their production stagnate or decline.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Sun Jul 9th, 2006 at 05:18:45 AM EST
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