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Unformatted text preview: 3. With OPEC not cutting production, we should expect revenues to stay low, if not decrease; therefore we must cut back on any major investments in drilling for the moment. 4. OPEC’s decision to keep production as is will cause a medium impact on revenues of $13.79 billion, because the price of oil will continue to stay at a low price, if not decrease....
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This note was uploaded on 09/08/2010 for the course BUS 131B at San Jose State University .