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Paul Killinger's
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Even the ANNOUNCEMENT of such a reversal in U.S. exploration policies would go a long way toward holding down sharply escalating oil and natural gas prices.
Jun 19 11:17 am
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All Comments by Paul Killinger »Can Offshore Drilling Bring Down Gas Prices? [View article]
Unfortunately, the more likely reversion we're going to see is oil resuming its climb toward $200 and gasoline at $8 a gallon as a result of the Democrats success in continuing these moratoria in Congress.
Not to mention the prospect of Obama's election as president. Ironically, were that to occur, we might actually get a break at the pump as Wall Street and the world economy go into freefall.