"The oil market is on steroids," says Fadel Gheit, senior energy analyst at Oppenheimer Holdings (OPY). "[Oil] is a financial game more than a physical one. Even if we lift the ban tomorrow, the best we can do is cool off some of the unprecedented euphoria in the market."
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via BusinessWeek Online -- on 6/19/08
It would be years before production hits the market—and Big Oil would have to spend heavily. Even then, prices may not drop Things you can do from here:
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