Our View: Drill, Baby Drill, but Only in Brazil
Gazette, The; Colorado Springs, Colo. › April 01, 2011
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Summary
Gasoline prices have hit $4 a gallon in some parts of the country, twice what they were when President Barack Obama took office. But sometimes overlooked is that prices previously declined partly because of worldwide recession depressing demand. As economies recover, demand increases, and so do prices.
Moreover, Middle East instability threatens supplies, adding more upward price pressure as oil futures buyers build in a hedge in case supplies are cut off.See the full content of this document
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Our View: Drill, Baby Drill, but Only in Brazil
President Obama says he shares motorists' pain. But consumers should pay attention to what he does. He sa...
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