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10 May 2008 08:03 pm
Oil Futures
With oil at $126 a barrel, Henry Blodget considers our options:
Time to drill in the Alaskan National Wildlife Refuge? No. Time to cut us gas-subsidy checks? No. Time to work on a tax and consumption policy that encourages less oil usage and more investment in alternative, renewable energy.
Well: duh. With public transportation booming, there is a silver lining in higher oil prices.
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