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July 18, 2005
Professor Hamilton reviews the week in oil prices
Even before he started his smart blog recently, Professor James D. Hamilton of the University of California at San Diego was one of my favorite experts on the economics of energy prices (previous posts here).
In this post, Professor Hamilton reviews several interesting tidbits of information that affect oil prices, which declined 5% last week. Of particular note -- the futures market currently allows for a purchase of oil for delivery in December, 2011 for under $55 a barrel.
Posted by Tom at July 18, 2005 04:26 AM
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