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Page added on June 28, 2007

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Oil prices may spiral even higher

Warning! In spite of the jump in the price of gas and heating oil over the past few years, prices may go much higher. Demand is increasing, while new supplies are limited and becoming more expensive to produce. After the energy crisis of the


With regard to limitations of supply, new production of oil in Alaska and the North Sea were major factors in resolving the energy crisis of the



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