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To: Lorianne

Good luck for your beliefs; if oil stays high it’s because of political reasons, not actual lack of resources (including cheap oil). Facts say your view is not supportable, at least for the next 250+ years.

In 1986, oil reached it’s cheapest cost ever - $9 per barrel. In today’s dollars, that would be $18. Given a $21 per barrel cost for oil shale, we should be paying just over the lowest historical price ever, and we should have gas around $0.75 per gallon. Anything above that price is because of politics and is possible because people refuse to look at the facts objectively.


9 posted on 05/02/2010 12:09:09 PM PDT by PugetSoundSoldier (Indignation over the Sting of Truth is the defense of the indefensible)
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To: PugetSoundSoldier

Strip all the taxation off of oil and gasoline would likely cost .75 at the pump.


10 posted on 05/02/2010 12:11:37 PM PDT by PeaceBeWithYou (De Oppresso Liber! (50 million and counting in Afganistan and Iraq))
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