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Originally Posted by touchring
The gulf arabs got all the leverage, china's still subsidizing oil, and gasoline is still too cheap for american SUV drivers.
Guess where's all the money flowing to the next 20 years? LOL.
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Canada...the new #1 oil supplier to the USA.
Now that oil is over $100 they are full throttle mining the oil sands.
Things are about to get started back up with oil shale in the US.
IMO watch for lots of spending into new technology now that oil ain't gonna be cheaper for a few decades.