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I haven't researched it, but I have two friends who wish gasoline prices would stay around $3.50. They claim that price level would make alternative fuels cost effective, and stimulate production, development, competition, etc.
My opinion: when oil prices get high enough, other energy sources will come into play, and energy costs will plateau. Then we'll know the real price of energy, as opposed to just pumping it out of the ground and burning it.
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Roll on,
Stew
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