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  • Why Is Oil Trading at $53 When Supply and Demand Is So Bearish? [View article]
    Some factors that were not fully flushed out.

    >> Oil will become less expensive to developing countries as the US dollar crashes. At $150 a barrel to us.....but the dollar was 35% lower just last year....which means $97.50 a barrel to them.

    >> India and China will not be sadled by the CO2 cap and trade bullshit! If any enviro-idiot wants to speak at this point, please post a link to relevant data that shows an increase in global temperature. I have been waiting to see that since 1990!!!

    >> Since AC power can not be stored like DC power, what are we supposed to with our solar panels and windmills when it is cloudy or calm outside?? We might as well build a moonbase.
    Mar 26 01:28 am |Rating: +2 0 |Link to Comment
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