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The price of oil is being artificially held up by the Central Banking System in the U.S. An audit of their books would disclose this, but it's not going to happen.
We are awash in oil - more oil than we have ever had in the past 30 years.
Based on supply and demand economics, there's no reason why oil should not be selling for between $10 and $12 a barrel. It should cost no more than a dollar a gallon at the pump.
At $10 a barrel, we (the United States) would bring the Middle eastern Countries to their knees, as well as Venezuela, and Russia. The U.S., Japan, India, China and most of the world including European countries would have an economic boom that had never before been seen in history.
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'06 E320 CDI
'17 Corvette Stingray Vert
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