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| | LowFuelPrice.com (Low Fuel Price) - The Oil Price Increases of 2004-2006 and Price Comparisons Information Resource (Site not responding. Last check: 2007-10-26) |
 | | The price of standard crude oil on NYMEX was under $25/barrel in September 2003, but by August 11, 2005, it had risen to over $60/barrel, and out at a record price of $78.40 per barrel on July 13, 2006. |
 | | While oil prices in mid-2006 were considerably higher than a year earlier, they were still roughly $14 from exceeding the inflation-adjusted peak of the 1980 shock, when prices exceeded what would be equivalent to $90 a barrel. |
 | | Even if oil supplies themselves are not reduced, some experts feel the easily accessible sources of light sweet crude are almost exhausted and in the future the world will depend on more expensive sources of heavy oil and alternatives, other experts, however, do not feel this way. |
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