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Want Lower Gas Prices? OK, Let's Increase Supply

Posted on May 22, 2008

From my editorial in today's Detroit News:World oil prices might decline if there were more spare oil production capacity. But the control of world oil prices is not in the hands of investor-owned oil companies in the United States, which control just 6% of worldwide oil reserves (national oil companies of foreign governments own 80% of the world's oil reserves)....

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