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Old 12-13-2014, 04:20 PM  
JJ Gold
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OPEC is trying to stop the U.S. from becoming energy independent. Oil demand is weak due to a slowdown in the global economy (China). Normally OPEC would cut production. In their recent meeting they voted to maintain current production levels. Their motivation is to drive out U.S. domestic oil production which becomes unfeasible below $70 a barrel.
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