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MacroVoices #335 David Hay: Why US Energy Prices Can Rise Even In Recession
Macro Voices
Energy - I'd Like to See a Major Drop in Oil Prices
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I just don't think you're gong to get that, at least when it comes to crude oil. I do think they're natural gas prices at 58 doll s per m m v t u is just a nlectust off the chart. We still need fossil fuels and we're disfavoring any new investment in refining or petroleum capacity. It's all a great idea, but we don't have enough green energy to run the global economy.
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