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In a recent post, I mentioned that the U.S. economy is highly energy-intensive. That is, the energy used to produce $1 of wealth in America can produce $2 in Germany and nearly $3 in Japan. So, all else being equal, high oil prices take a heavier toll on the U.S. economy than in more energy-efficient countries, simply because we need more energy to do business. (By the way, oil prices...