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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (373209)	3/10/2008 12:19:34 PM
From: TimF	Read Replies (1) of 1572716

It costs ~$10 to get a barrel of oil out of the ground. We are paying >$100 a barrel. We aren't paying for pumping a barrel of oil from the ground. We are paying for oil. A commodity currently worth about $100/barrel. You don't have to trust me you can trust virtually every economist in the world. They would back me up on this. A trade deficit isn't a transfer or wealth. Whether its very bad, slightly bad, or relatively indifferent, they would disagree among themselves. But they wouldn't call it a wealth transfer.

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