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S&P 500
5,535.07
(
0.55%
)
US TECH 100
19,287.60
(
1.46%
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Dow Jones
40,252.53
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-0.09%
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Brent Oil
81.36
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-1.12%
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Bitcoin
67,222.53
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Mr. Ed

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Mr. Ed

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Re: 100lbStriper post# 19756

Wednesday, 05/21/2008 6:44:19 PM

Wednesday, May 21, 2008 6:44:19 PM

Post# of 41875
I believe the devaluation of the dollar,plus inflation,and some speculation are the reasons for the oil increase.However,gasoline production has remained fairly constant,with increasing demand,and no new refineries in 30 years.The no new refineries is mainly due to environmental constraints.Add to that compananies like Exxon not increasing production in crude and you have a "Perfect Storm".

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