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Oil prices, Middle East tensions and Louisiana - KPLC

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“Yes, the Straits of Hormuz are the most important choke-point, if you will, for petroleum out of the Middle East but given the position that we find ourselves in, in the United States, where we’re one of the, we’re the top producer in the world and while OPEC has spare capacity, frankly we have spare capacity,” he said.

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Oil prices, Middle East tensions and Louisiana - KPLC
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