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Donald Luskin and Michael Warren: Don’t Panic Over the Saudi Attack and the Oil Supply
OPEC would have had to cut output anyway, given the dramatic increase in American production. The attack on Saudi Arabia’s oil infrastructure last weekend took out about half of the kingdom’s production capacity. Yet the market reaction was muted, with global oil prices rising only to where they were in May. Markets seem to recognize that
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Posted: September 17, 2019 Tuesday 06:40 PM