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4/15 |
2008/6/29-30 [Uncategorized] UID:50415 Activity:nil |
6/29 The market sets high oil prices to tell us what to do: http://www.ft.com/cms/s/0/219fcbde-2108-11dd-a0e6-000077b07658.html |
www.ft.com/cms/s/0/219fcbde-2108-11dd-a0e6-000077b07658.html -> www.ft.com/cms/s/219fcbde-2108-11dd-a0e6-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F219fcbde-2108-11dd-a0e6-000077b07658.html%3Fnclick_check%3D1&_i_referer=&nclick_check=1 The real price is already at an all-time high (see chart). At $200 it would be twice as high as it was in any previous spike. Even so, it would be a mistake to focus in shock only on the short-term jump in prices. |