Higher oil prices are also devastating to many working Joe’s in the US.
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Absolutely true.
Energy workers and certain classes of investors benefit from higher prices; but truckers and airlines suffer.
They aren't going to get super high though, because LOTS MORE CAPACITY kicks in at around $50 per barrel--such as the vast FRACKING resources of the USA.
Of course the RATS would have killed FRACKING if they got the chance, along with coal, ANWR and every other energy source benefiting America if they had it their way.