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Originally posted by Reflection
And why the spike in prices? Because of Lybia?
Let me get this strait? The price of oil goes up 6% because production from a country that produces 2% of the oil has a 50% drop in production.
Ok. 50% of 2% is 1%...yet there is a 6% spike???
Then to top that off. In America, where we import less than 1% of our oil from Lybia, has a gas spike around 16%.
I'm sorry, but these numbers really don't add up to me...