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Look, if oil prices were to fall below the world market price in the US, arbitrageurs would quickly remove that difference, barring infrastructure limits.  

The difference in auto fuel prices between the US and Europe is all about taxes. If we didn't tax gas in Europe, it would be as cheap as in the US.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Mar 27th, 2014 at 08:35:39 AM EST
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