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Politics : Foreign Affairs Discussion Group
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To: Hawkmoon who wrote (175401)11/21/2005 5:42:38 AM
From: Noel de Leon  Read Replies (1) of 281500
 
"...$100/barrel oil...." $100 dollar oil has little to do with Iraq. Look to the increased demand from China and India coupled to the lack of world wide refining capacity and diminishing oil reserves to understand that problem. Iraq's oil will serve to alleviate the short term problem if and only if new oil refineries get built. Long term solutions to $100 oil will be a greater use of coal, wind, solar, wave, hydrogen, biogas, and nuclear power sources. And reduction of the use of gas swallowing cars.
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