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There isn't a lot of spare capacity in the world. If we lose a million bpd of output from Venezuela and Iran in the fourth quarter, where will all these barrels come from? We are in for higher prices for longer.

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