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South central kansas | As true as it may be for third world production countries that are hurting, because of the drop in crude, the world as a whole is reaping the rewards of the lower price.
While crude is not perfectly demand inelastic, it is none the less over wide price ranges pretty inelastic, but a doubling of price would still have lowered demand on a worldwide basis.
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OPEC's 900 billion dollar blunder..??
