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Cheaper Oil Likely to Stay Awhile

Demand won't quickly return to old levels, and new tech, exploration keeps pressure off

By Harry Kimball,  Newser Staff

Posted Nov 18, 2008 4:02 PM CST

(Newser) – Oil prices are down, and they’re likely to stay that way for now, writes Ronald Bailey for Reason. Not only did the recent spike in gas prices drive down demand in the US; it also heightened the effect of domestic and local production. Government...   Read full story »

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