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It's a temporary adjustment and a routine middle eastern ploy to lure us back into complacency. It happens every time America starts sounding remotely serious about researching alternatives to the use of their oil.
Here's hoping that what's left of our auto industry begins to realize that it's time to get serious about alternative fuels and efficiency.
Yes, we can have our cake and eat it too. $7 trillion dollars for a bailout and that money will NEVER materialize on the other end. Cash can be king and we can still print all the money we want. What a world!
Yes, we can have our cake and eat it too. $7 trillion dollars for a bailout and that money will NEVER materialize on the other end. Cash can be king and we can still print all the money we want. What a world!
Not.
As a sincere question, I know you had a lot of postings about $200+ oil and the concept of "peak oil".
In your view, what do you think has happened relative to the peak oil perspective, how does it dovetail with what is currently happening in the markets?
I read that OPEC will attempt to reset the price to $75 when they reconvene December 17.
Is it just a coincidence that the price of gas starts plummeting when Bush is about to leave office - no more price fixing talks with the Bin Ladens in play?
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