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Oil prices pass $132 after government reports supply drop (Thanks to DemocRats, Moderates & Greens)
AP on Yahoo ^
| 5/21/08
| John Wilen - ap
Posted on 05/21/2008 9:10:04 AM PDT by NormsRevenge
click here to read article
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To: Freedom_Is_Not_Free
Oil has gained very, very strongly on gold in the last few years. The dollar is a very small reason of why oil has gone up so much. An ounce of gold will purchase just under 7 barrels of oil. A year ago it purchased 10 barrels. 10 years ago it was close to 25 barrels and was as high as 30. While gold has gone up, adjusted for inflation it’s simply gone back closer to it’s normal average. Oil however is way beyond that.
141
posted on
05/22/2008 3:48:14 PM PDT
by
rb22982
To: rb22982
No, it isn’t significant.
142
posted on
05/22/2008 3:54:33 PM PDT
by
RightWhale
(You are reading this now)
To: NormsRevenge
Heard today...the democrats have a plan for energy independence:
'Personal Methane Recovery'
143
posted on
05/22/2008 4:21:29 PM PDT
by
Wolverine
(A Concerned Citizen)
To: RightWhale
144
posted on
05/22/2008 4:26:41 PM PDT
by
rb22982
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