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US: Stalemate in the struggle over untapped local sources

By Sheila McNulty

Published: October 31 2008 15:22 | Last updated: October 31 2008 15:22

When petrol prices rose to $4 a gallon, Americans pulled back on demand and supported opening environmentally protected areas to exploration and production.

Yet the financial crisis has led to a drop in oil prices that has pushed petrol down below $3 a gallon. The crisis for many Americans has passed. And with it has gone the momentum for finding new sources of oil and gas.

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