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Warren Buffet said last week that oil prices were based more on supply issues than speculators..
i believe Buffet more than i believe media and the govt...
oil may retract a bit, but oil is going to continue upward at a fast rate..
china is putting 25,000 new cars on the road every day... in 10 years, they will have more cars then the US... there are 300 million middle class people in china that can afford cars.. the total US population is around 350 million...
do the math, its not hard to figure out why oil is flying up...
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