Quote:
Originally Posted by tjts1
The fact of the matter is total world oil output has been flat since the first quarter of 2006 while oil consumption has increased relentlessly with the industrialization of China and India. We're not running out of oil. Demand is simply outrunning supply.
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We Americans buy everything as cheap as possible (think Wal-Mart, and from China usually) and as China becomes more industrialized, they need more oil to fuel their industry to feed our shopping habits...