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04-05-2010, 09:07 PM #1
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Oil Price BubbleOmics: $90 and Rising Is the New Reality
Oil Price BubbleOmics: $90 and Rising Is the New Reality
Commodities / Crude Oil
Apr 05, 2010 - 05:50 AM
By: Andrew_Butter
Now that there are rumours the world economy is showing some signs of self-sustaining life (if not particularly the US Economy), one thing worth thinking about is where oil prices are likely to go (1).
Starting from the basics, there are a plenty of theories that explain how to grow economies. They range from free-markets to free-debt, all the way through stimulus-packages to free-love.
Here’s another one:
Conventional wisdom says GDP drives demand for oil.
How about if oil drives GDP?
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