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As you can see (link below) the oil blends are challenging some important highs that if broken will send oils stocks soaring.

That aint great for most the world , high oil prices that is, even at around $25.00 it was hurting (the historic inflation adjusted average is $15 USD) so any sustained period above $25.00 is gonna do damage.

Inflation that is what the most likley outcome will be.

Aust may do well in the bigger economic picture in a comparative way but on a smaller scale as individuals it's going to cost us.

http://www.wtrg.com/daily/crudeoilprice.html

JR
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