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Old 04-16-2008
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goober goober is offline
Vice President

 
Member Since: Apr 2005
Location: massachusetts
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Re: Oil hits $114/barrel - No end in sight.

This BTW is the Iranian's argument for why they need nuclear power, because oil is going to be too expensive to burn, they expect oil to settle out at around $500/barrel, which is still cheap for use as a chemical feedstock.
In the meantime, they know oil isn't a renewable resource, so they want to leave some for their descendants.
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