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Reply #4: It's not ONLY china, but China is a big part of it [View All]

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justinsb Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-12-05 12:40 PM
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4. It's not ONLY china, but China is a big part of it
Demand there grew by a million barrels a day last year and is on pace to do that again this year. But everywhere in the world (including the US) demand is going up faster than the supply. Welcome to peak oil (the prices are unlikely to come down substantially ever again.)

http://news.bbc.co.uk/1/hi/business/3554462.stm

http://www.lifeaftertheoilcrash.net/

http://www.energybulletin.net/2931.html
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