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U.S.: Oil Cost Rising 53%
thedailygreen.com — Reflecting the 20% increase in world oil prices in April, the Department of Energy now predicts oil prices will average $110 per barrel in 2008, as oil demand outstrips growth in non-OPEC supply by 1 million barrels per day. Among OPEC nations, only Saudi Arabia has surplus capacity, and some analysts doubt the data flowing from the Saudis.
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