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Oil isn't cheap -- at any price
Oil isn't cheap -- at any price

As world oil prices have slumped below $60 a barrel, tumbling nearly 50% since June to a five-year low, analysts have scrambled to discern the economic and political fallout. The big picture, though, hasn't changed: Oil is not cheap, at any price. What we're charged at the pump for gasoline is just a down payment on the far larger tab we're running to support our national oil habit. Rather than allow a temporary price reprieve to mask those costs, we should use this moment to take stock and change course. Every day in this country, we use 800 million gallons of oil. That's enough to fill the Empire State Building three times. With every gallon we produce, ship and...

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