re: Update, May crude oil futures now down to under $12

quote:

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If we slowly phase out of oil then that is fine. Crashes in oil while it represents this much of the economy is not good for our country.

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So, what are we going to after we phase out oil? Electric? If so, don’t forget our Chinese overlords produce about 80% of the worlds rare earth which is needed in the batteries. Sound like a palatable situation to you?