9.26.2005

Honey ... remember when gas was only $3 a gallon?

Forget about cheap oil.

"When the topic of rising oil prices comes up, an easy explanation leaps to mind: a gathering global recovery, boosted by surging demand from the U.S. and especially China, is behind the runup. That's true -- but it's not the whole truth. There's a lot more going on behind the scenes in the global oil market."

LINK

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