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That is a very informative chart. It will go back down.Why even the bad guys, Saudi Arabia, are saying that it is overpriced and being artificially held high. They also tell us we use to much oil . Both are true but we ignore them .We had that huge spike it the early 70's but what lesson was learned..what did we do..open exploration, drill more wells, build more refineries, develop and implement alternate sources of energy. develop fuel efficient cars and trucks.. Never before has there been such a huge increase in such a short time hence the huge impact on our economy. The bubble will burst as it has before.. will we do anything to prevent the next crisis.
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