Are Rising Oil Prices a Bad Thing?

"If it's at record highs, it's more likely to go the other direction than continuing up," he says. "I think the U.S. has all of this capacity for oil... We might have a period where we have some city and high, higher prices but overall, I don't, I would be terrified if I were in Europe." The diesel situation is probably going to get worse, you know, on the less bad side of it,. Whereas a lot of places globally don't.

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