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The price of gas is a touchy subject these days and everyone has their own theories about it. There is one perspective we aren’t hearing very much about:
World supply and demand is a factor in gas prices, but the U.S. consumption of fuel (which is roughly 25% of world consumption or more) has dropped by [...]
Filed under: Economy—US Dollar | Tagged: bloomberg.com, commodities, Federal Reserve, gas prices, gold standard, inflation, oil prices, oil reserves, paul craig roberts, peak oil, record gas prices, speculating | 8 Comments »
