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"rising demand for petroleum in China and other emerging nations will keep oil prices high in the near future."
Aug 22 22:40 pm
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All Comments by Kunst »Oil: Slippery Road Ahead [View article]
Don't you understand that the US is a lot more able to absorb high oil prices than countries with far lower per capita disposable income? Why is it everyone thinks that poor America (the country that "manufactures" the currency of oil) is going to cut back while much poorer countries are going to keep on increasing consumption? You are confusing population with wealth.