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NYMEX Crude Oil (Light) ........................121.20 5.64 NYMEX NYH RBOB Gasoline (Globex) ...... 3.0421 .1318

Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!

SELL SELL SELL

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Safety or fuel efficiency?
Public Policy; Political and Legal News...You get what you pay for. When you build lighter cars with more fuel efficiency, you know that ultimately -- even with the best (let alone Chinese) technology -- safety is compromised. That happened three decades ago when U.S. mileage efficiency rose dramatically in response to the oil shocks of the '70s. It will likely happen again.


Now we may, as a society, decide that the trade-off is worth it. We may reason that fuel inefficiency leads to dependency on foreign oil which in turn leads us to lives lost in other ways -- such as wars to defend our interests in the oil-rich Middle East and elsewhere. But what we cannot deny is that there are trade-offs. What is fundamentally wrong with the energy bill the Senate passed last week and with the debate leading up to it is the chronic, almost pathological, refusal to recognize that there are such trade-offs.

Washington Post

Posted on Friday, June 29 @ 13:56:00 PDT by leanan
 
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Most read story about Public Policy; Political and Legal News:
ARE We Out of Gas Yet?

 
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