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<blockquote data-quote="bacha29" data-source="post: 5503057" data-attributes="member: 58386"><p>Today Chevron announce increased dividends, bonus pay for executives, and an additional 75 billion in stock buybacks. Plans for an increase in drilling activity?.....Silence. </p><p>Why do that? They've got a good thing going. They've regained control of the market and will keep supplies tight. </p><p></p><p>OPEC has made their point crystal clear by saying that $90 oil makes them smile. $80 oil is acceptable but it will never again go below $70 and they will most certainly see to it that it doesn't.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5503057, member: 58386"] Today Chevron announce increased dividends, bonus pay for executives, and an additional 75 billion in stock buybacks. Plans for an increase in drilling activity?.....Silence. Why do that? They've got a good thing going. They've regained control of the market and will keep supplies tight. OPEC has made their point crystal clear by saying that $90 oil makes them smile. $80 oil is acceptable but it will never again go below $70 and they will most certainly see to it that it doesn't. [/QUOTE]
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