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  • Follow the Mutual Funds: Solar Is Bottoming [View article]
    Over the weekend the Saudi oil minister stated that their goal is $75 oil because this price reflects that needed for the Marginal players in Opec to meet their economic budgets. The next meeting is scheduled for Dec. 17th.

    The only way $75 can be achieved is with a cut in the 3 miilion or so range( my guestimate), Russia which wants Opec status is expected to participate.

    Whether they can get their act together is moot but I would think that the Solars would move up in anticipation and in the aftermath, if a cut of this magnitude occurs.

    IMHO
    Dec 01 10:38 am |Rating: +1 0
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