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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (6365)	3/20/2009 7:00:15 AM
From: RetiredNow	Read Replies (1) \| Respond to of 86355

Not for long. Oil prices are back on the uptick. I think you'll find that with all this deficit spending, we've already baked into the cards massive inflation in the future. Already, you can see the dollar dropping and commodity prices, like oil, increasing as a result. I think oil prices will break new highs as the economy kicks into recovery mode. And btw, during the Clinton years, after Gulf War I, when oil prices were very low, it was an economic golden age for us and a relatively peaceful time when NATO expanded and the Middle East was relatively quite. Bin Ladin was rearing his ugly head, but he was still small potatoes. Most of South America didn't have people like Lula and Chavez in power yet. So yes, Democracy made great strides during the 90s when oil was prices were low.