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Re: The price of Oil
The Saudis forsee their oil supply diminishing in the next 6 years therefore the building work going on in Dubai. They are building up Dubai as a tourist mecca, putting up swish new hotels etc. They need another industry to fall back on when the oil runs out, so tourism is taking precedence. Our natural resources cannot last forever, as consumption increases resources will decrease and become more expensive.
We would still have reasonable prices if the government didn't tax petrol to the hilt.
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