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| Even before the Saudis overproduced in anticipation of the Iranian sanctions, there was every indication that the long expected worldwide economic slowdown has begun. In fact, that is exactly the message the stock market has been sending for the past two months. So even if the Saudis get their production under control there will be reduced demand for fuel, truck fuel, jet fuel, bunker fuel. If the economic slow down does occur fuel is going to get a lot cheap by spring. | |
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Crude oil?
