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Originally Posted by aceventura3
You folks are full of contradictions. DC stated that the price of oil pre-war was $36 per barrel, now it is close to $110, and at the same time you argue that American policy and regulations can not have an impact anywhere near 50% on the price of oil yet give no basis for your view. On its face your position is absurd and shows that you have given the issue little thought.
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You still don't seem to be taking into account the record profits for all the oil companies. At least part of that $110 per is going into those trillions of dollars that are being posted.