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Oil reserves are at the highest its ever been. The US could release a 1/3 of the reserves and flood the market, price of oil would drop like a rock.
There are several factors to this record oil, dollar is one, but speculators have driven up the price of oil 50% while global demand for oil has risen about 3% with production matching it.
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2/20/2013: They Day the ****s Stopped
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