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I have been thinking about this lately and i have concluded that oil prices will rise. Oil producers are pushing for legislation that will allow them to export oil and compete on the world market.
Now, Obama and the EPA really are fond of their cafe standards and ever increasing efficiency, so why would they pass up the chance to increase oil prices and give a reason for better efficiency.
I think the ban on oil exports will be lifted and oil prices in the US will rise back to where they were. Roughly 3.50 to 4 $/gal gas.
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