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Oil price is not high

The media continues to describe the oil price as “high”. I think it’s still low. Within five years, today’s price of US$53 per barrel will look like a bargain. <b>By Peter Gibson</b>

Oil price is not high

Oil market psychology has changed markedly this year. When the price held firm above US$30 the world was awash with dire predictions that global GDP would be cut by around 0.5% for every sustained US$10...

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