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#29
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"John S. Shinal" wrote in message ... (ArtKramr) wrote: NO OIL COMPANY WILL BE LEFT BEHIND. How about taking the bus three days a week like I've been doing for the past year ? It's not convenient, but I do it anyway. I can't believe you'd complain about the price of all that gas you're burning for your own convenience. You're *retired* Art, you have the experience to understand this stuff by now. It's not a conspiracy, if 25% of the people used economical cars, the unleaded gasoline supply would be overflowing in two weeks. Huge supply. Prices fall as soon afterward as the commodities traders on the stock exchange will it. Consume less, pay less. True BUT the USA is NOT the only oil user on the planet. The simple fact is that the world demand for oil is rising and the supply isnt keeping pace. Some of that demand is definitely from the USA but Asian demand is rising rapidly, especially in China where private automobile ownership has jumped from pretty much zero to 10 million in a few years. Given that the Chinese are planning to manufacture 10 million cars a year by 2010 the simple fact is that the days of cheap gasoline are over. Keith |
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