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I don't think mankind will ever see $50.00 Oil again. Just won't happen. The only thing, the only way this could possibly happen in my mind? Is that China and India just disappear.
Cheap oil has gone away, and it is never coming back. I'm not saying we won't see huge pullbacks. But we've hit a whole new area of nearing peak / peak / past peak oil - that's trying to be determined.
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