Monthly Archive for: ‘December, 2014’

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The Saudis Declare War On OPEC

As we wrote in the Sachem Rock commentary a “Gusher of Hyperbole” dated October 17, 2014 we expressed skepticism that OPEC, led by Saudi Arabia as the world’s biggest exporter would decide to maintain production at existing levels (30 million barrels per day), if a reduction in production was necessary to support Brent crude oil prices in the $85 to …

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