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The New DU. Reply #22: Oil nearly doubling in the past year isn't due to China's consumption.
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Lone_Star_Dem
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Tue May-06-08 03:40 PM
Response to Reply #19 |
| 22. Oil nearly doubling in the past year isn't due to China's consumption. |
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It's due to speculation in the futures market which is being fueled by the war in Iraq, the US rhetoric toward Iran, the instability of the US economy and the declining value of the dollar.
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