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Re: Petrol prices

Posted by caraher on May 26, 2008, at 14:43:13

In reply to Re: Petrol prices » Larry Hoover, posted by Sigismund on May 26, 2008, at 14:13:00

> They say the Chinese are stockpiling deisel, perhaps in response to the earthquake, perhaps for the Olympics.

heck, I can see stockpiling it simply because we're at or near "peak oil" and the price of petroleum products can only increase until we wean ourselves from the stuff. Which I hope we have the wisdom to do voluntarily, rather than involuntarily as it becomes impossible to extract in an economically and environmentally-responsible way.

From that perspective, price hikes aren't all bad - they should spur a change that needs to happen anyway. Though it's a shame the way it's clobbering the budgets of ordinary people...


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