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don't buy another SUV just yet...

...at least not until you read this Oil Drum article
(h/t: TreeHugger) on the price of oil. Sure, it's dropped a little bit lately--but it's been rising at 30% per year for the last six (going on seven) years:

20080813-oilprices.jpg

Jerome Paris of Oil Drum sees "no reason why the recent lull in prices would be a sign of a serious trend change in the market." That new Prius is looking better all the time...

Posted by cognitivedissident on August 14, 2008 10:04 AM |

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