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Oil price almost $120/barrel.

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Bloomberg radio in NY area (1130 AM) announced today that oil is trading at $119.40 a barrel. It is all great, except for one thing – the cost of oil production for “Big Oil” companies like Exxon-Mobil, Shell and Chevron did not change much in the last few years. So all of this ridiculous rise in oil price is purely speculative, and

Written by admin

April 26th, 2008 at 8:33 pm

Posted in Big Oil vs. Renewables

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