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Old 10-26-2008, 05:12 PM   #2 (permalink)
SVOboy
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Too bad no amount of US reduction in the coming years will balance out the increasing use in Asia and Africa.

High gas prices are here to stay, and I somewhat sympathize with OPEC desire to have a stable price. You'll notice they're trying to stabilize it at ~100, not at ~150, which is where demand took a serious hit. If gas prices fluctuate wildly everywhere then funding for things like EVs will do the same. Not to mention governments and companies won't be able to budget anything properly and such.
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