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Friday, July 27, 2007

Horrible Day for the Markets

Most markets that is -- some commodities, including oil, had a very good day. Here's one reason why ...

Mexican Company Predicts End of Oil
Mexico, Jul 27 (Prensa Latina) Petroleos Mexicanos (PEMEX) announced that oil reserves may run out in seven years.
"Supplies of this economically exploitable resource are running out," informed a report sent by the state owned company to the United States stock market.
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