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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Jad Mouawad / The Bulletin
October 22, 2008
At the beginning of the year, OPEC producers felt confident that strong economic growth and tight supplies would keep oil prices high. When oil crossed the $100-a-barrel threshold in February, the cartel’s president blamed speculators and said there was not much OPEC could do.
But now,....