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Peak Oil is You


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Page added on June 14, 2009

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Pump pain

So

Anyway, a significant part of the energy business here is focused on natural gas, a sector where prices remain sluggish after spiking up a couple of years ago. The result is shut-in wells and a growing concern that shortages and steep price hikes could be in the offing later in the year.

The crude oil price situation today seems a genuine paradox: Prices have risen above $70 even though gasoline demand in this country remains relatively weak and reserve tanks continue to be filled to the brim. Experts say the reason is that oil speculators



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