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The American Empire in a Changing World



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Thursday, January 26, 2012

''Oil 'tipping point' has passed with much higher prices to come''

from alaska dispatch...

"As Alaskans grapple with the issue of oil taxes and what state legislative moves, if any, will increase the flow of North Slope crude through the trans-Alaska pipeline, a new commentary in Nature warns that the world's oil market has permanently changed "phase" into an era of dwindling reserves accompanied by higher and evermore volatile price swings."

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