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Russia and Saudis agreed to cut production in 2016 and they actually cut more than agreed. During that time, US increased oil production substantially and we were a net exporter of oil. Those are facts.
Today's demand is equal to the 5 year average. Another fact.
I said it in the Spring on this board, this is 1978 stagflation deja vu.
Rent increases are merely a reflection of government's policy errors.
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