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Posted by: Lurch 1 year, 8 months ago
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Lurch1 year, 8 months ago
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TE is talking long term, and you're talking short term.
In which case you are both correct. There is too much supply currently to justify these astronomical prices. Look for gas prices to plummet if a Dem, especially Obama is elected in November.
That said, a price trend going upward is to be expected as we use up the supply of easy oil and have to work harder and harder to obtain what oil remains.
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