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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
RON INSANA, CNBC ANCHOR: About that pause in the interest rate hikes in the Federal Reserve, well, some say forget it. Consumer prices may be at the core level tame for now, but Alan Greenspan sees some growing pressure from energy costs while today`s producer price report backs him up. The way the Fed chairman sees it, one thing we don`t have to worry about though is running out of oil.
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ALAN GREENSPAN, FEDERAL RESERVE CHAIRMAN: If history is any guide, oil will eventually be overtaken by less costly alternatives well before conventional oil reserves run out. Indeed, oil displaced coal despite still vast untapped reserves of coal, and coal displaced wood without denuding our forest...
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