Quote:
Originally Posted by Ahoog69
Either the supply has to go up, or demand has to go down.
If it had to be one way or the other, I would go with lowering demand. Is that realistic, considering our (domestic) thirst for oil (not to mention increasing international demand for oil)? Probably not.
As nations develop, they all appear to follow the same path (agriculture to industry to service), and two of the planet's giants - India and China - are just now hitting their stride when it comes to the consumption of oil.
We need to turn away from fossil fuels at some point - sooner rather than later.
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At least their doing something about it, China has increased oil production by over 50%, and with this new deal they have with Cuba to get Oil right off the Florida Coastline (about 45 miles south of the Keys) they will increase it another 10% or so. India has increase their Oil production by an impressive 385%. The U.S.? We've increased our demand by 20%, but lowered output by 40%! Wow, that was smart.
Of course,
EVERY single law passed by the Democrats on Oil production, has been to halt it or bring it to a standstill. Nice Move Boneheads.
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