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Why would Saudi cut production in the current environment? Why would they want to support Iran, Russia or U.S. shale producers? So they must have decided: let the market establish the price. Once the market goes to a new equilibrium, prices will go higher.

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    Who said: "The art of leadership is saying no, not yes – it’s very easy to say yes.’"?
    A Tony Blair
    B Mao Tse-Tung
    C Donald Trump
    D Franklin Delano Roosevelt