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Posts Tagged ‘OPEC quotas’

Saudi Arabia’s Energy Problem (BNO, USO, UNG)

September 9th, 2011

Tony Daltorio:  Saudi Arabia, home to more proven oil reserves than any other nation, has an energy problem. HSBC estimates that this year the kingdom will burn 1.2 million barrels of oil a day to generate electricity, double the amount burned in 2010. With the amount of crude oil burned Read more…

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