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Tony Twine

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But, if the price is pushed high enough, it will suddenly reach a level where it becomes unaffordable, and demand will no longer be price inelastic.

Their safe haven status would no longer be required. However, industrial inputs, as opposed to stores of wealth, would not suffer as much. And equity markets would benefit from an unwinding of oil prices because the cost implications of existing high oil prices for earnings potential are horrific.

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