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Archive Home > 2008 > June > 26 > A ‘shortage psychology’ that"s keeping oil prices high

A ‘shortage psychology’ that"s keeping oil prices high

By Marilyn Geewax / The Bulletin
June 26, 2008

WASHINGTON — Growing global demand for oil and the fear of supply disruptions have created a “shortage psychology” that is helping keep fuel prices high.

That’s what a leading energy analyst told Congress on Wednesday, and, he said, many speculators now....

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