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Posted AT 7:27 AM EST on 01/12/08

Oil's unlikely alliances likely unnecessary

From Monday's Globe and Mail

ROME — When the Russians are ready to hop into bed with OPEC, you know the world's oil exporters are in a panic about prices.Russian President Dmitry Medvedev last week said his country is ready to "co-ordinate" but not "collude" with OPEC as the cartel considers more production cuts to end the price slide. At a weekend OPEC meeting in Cairo, Saudi Arabia said $75 (U.S.

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