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Why aren’t we paying R5.29 for fuel?

The US government (and popular media) has a long history of blaming oil companies for “excessive profits” when the oil price is high. They don’t particularly care that when the oil price is low, oil companies risk huge losses, or that massive, long-term industrial investment projects can only be justified by future profits. No, every time Americans suffer at the pump, or think they do,... read more

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