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Re: Wow! Oil hits $60/barrel today
So we are purchasing fuel that was bought as crude months ago. A few months ago or so, oil was in the mid 40's/ barrel. So they're making money on us twice??
What everyone think of that possible big China deal to buy out a huge oil company here in the U.S. Chevron made a bid of 15 billion, China outbidded it at 18.5 billion dollars. If the government allows it to go through in which they probably will, this could be a huge impact.
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