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Reply to "Perfect Timing to get rid of Obama, Economy slowing down!"
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[quote=Anonymous][quote=Anonymous]Wishful thinking from mslsd[/quote] [quote]Doomsday talk of gas prices spiking to $5 a gallon and crude oil cruising beyond $150 a barrel appears to have been sorely premature. With supplies at very healthy levels and Iran and the West meeting at the negotiating table instead of the war room, crude oil prices have retreated more than 6% since late February. Even gasoline prices have started to ebb lower. Depending upon how talks go with Iran about ceasing its nuclear program in exchange for lifting sanctions crippling its economy, consumers and businesses could see oil prices tick even lower. “If there is some type of agreement with Iran where they will back off their nuclear program and end the oil embargo, prices could collapse,” said Phil Flynn, a FOX Business contributor and an energy analyst at PFGBEST. Read more: http://www.foxbusiness.com/markets/2012/04/13/oil-price-hike-fizzles/#ixzz1rxZiRsgk[/quote][/quote]
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