If you look at the widget embedded on this page displaying records of oil prices for the last year or so you will notice that it has dropped below $70 for the first time in a year. This is because of the economic collapse so I'm optimistic that it won't herald a wave of sudden skyrocketing oil consumption from the US. One of the welcome side-effects of this is that tar-sand extraction has become uneconomical, with a break-even point of $70 per barrel. Sweet.
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