Quote:
Originally Posted by tjts1
A lower speed limit will have absolutely no affect on oil price. The number of new drivers being added every day in China and India far outweighs the effect of a lower speed limit in this country.
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Sure it would. Cut 1-2mbpd of consumption off and oil's price will drop a lot, at least until OPEC scales back production again and brings price back to ~$80/bbl. Anyway, at current rates, a ~1-2mbpd cut would take chindia ~5-10+ years to offset. If they have and can maintain the wealth, sooner or later they will suck it down, but chindia isn't adding that many new cars to the road so it'll take ~5 years per ~1mpd cut in consumption.