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Wednesday, August 18, 2004

NPR : Oil Price Jump Not All Good for OPEC

Interesting report on NPR's Morning Edition this morning: Oil Price Jump Not All Good for OPEC

Once again, the effect of inflation is not directly mentioned, but at least someone points out the weak dollar and that "a $28 barrel no longer buys what it used to", and encouragingly, US gas consumption is down from the same month last year.

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