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Thu Jul 3rd 07:47 AM
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Oil and the Futures Market

interesting idea but i would think that oil prices this high are not in producer's interest as it is destroying some demand (e.g. SUVs out, Corollas in; Airlines will go bankrupt w/o government help, etc). I'd think it would be much better for the industry to keep oil high (i.e. $90) but not so high as to change people's dependent habits.

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