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Does anyone know how much oil there is in the world?
slate.com — What is the "right" price for a barrel of oil? Japan's oil minister said, based on fundamentals, the price of crude should be $60 a barrel, not the $130 to $140 we see today. During congressional testimony, five oil-industry CEOs each gave estimates of where oil "ought" to be, with results ranging from $35 to $65 a barrel to $90. What is going on?
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