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Wednesday, September 10, 2008

Oil Investors Pulled $39 Billion in Futures, Triggering Decline

$39 billion in futures is the equivalent of 354 million barrels of crude oil at $110 per barrel. Compare this to the paltry, 70 million barrels that some lawmakers want sold from the Strategic Petroleum Reserve. You can see here how it works a lot better just to get the speculators out!

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