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May 18, 2012

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You might be able to afford gasoline or its future technological equivalent at $20, $50, $100 per gallon. Many will not be able to. Many already are not able to. People are beginning to starve because the gasoline needed to bring food to their tables is too expensive. That is the problem.

Ian, a price of $20 per gallon is about five times the current price and would imply a very serious inflationary situation.

We probably wouldn't be able to afford the food, either.

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