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(Note: OPEC just increased production and the result was higher crude oil prices, hmmm.)
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It's because people realize, hmmm, wait a minute. They're close to capacity, and we've got over two billion people more who are going to start demanding oil.
If ever there was a perfect illustration of how the law of supply and demand works, the situation with oil is it.
I love how people are blaming Bush for it, too. It's all because his buddies in the oil industry are jacking up prices.
Uh, folks, no President, no matter what his political persuasion, can repeal the law of supply and demand.
I've got plenty of problems with el Presidente, but this one ain't one of them.