Old 06-14-2012 | 03:36 AM
  #193  
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Elvis90
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From: MSP7ERB
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HEARD ON THE STREET: OPEC Hawks Should Play the Long Game - WSJ.com

You need a WSJ subscription to view the full article, but it essentially states that due to the weak economy in Europe, OPEC will have to keep its target price of oil low (<$80/barrel) in order to preserve demand (future business). Otherwise many consumers, public & private, may permanently turn to alternative forms of energy.