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I think for the U.S. there are other factors that contribute to it. Yes, it has gone up a lot but also remember the $ is weaker than ever in its history. Simply stated, it takes more $s to buy the stuff.
I humbly disagree. Oil is traded in US $ so the strength of the $ makes no difference as there is no exchange rate involved.
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It is also very clear to Mexico and Canada that we have no will to exploit our own oil. ... No, I didn't get confused, most of our oil does not come from the middle east.
Interesting info.
Bedouin.
Blessed are those eyes that have seen more roads than any man! (Homer).
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