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Oil much in the news
This professor reiterates the idea that oil production has reached its peak (yet advocates exploring more oil fields–go figure). This article talks about the global impact of oil prices: South Korea, Kashmir, Europe. Everyone wants the price of fuel to be cut, or subsidized, but no one wants to pay more in taxes. What’s a good government to do? This will significantly impact missions before too long: watch for conferences to have declining attendance (due to increased travel costs), and perhaps even for short-term missions to decline somewhat.
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