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Monday, March 03, 2008

Oil hits new record high, $103.95

Fortunately it has backed down a few dollars but the reasons for the rise have not gone away. OPEC has no interest in seeing lower prices, there will always be another issue in Nigeria or Gulf of Mexico or Venezuela or wherever, the dollar will still fall due to shoddy economic policy and how serious is anyone about conservation? (That said, well done to these people for going green for Lent.)

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