If someone can give me an economic reason why oil should be twice what it was a year ago or 10 times what it was a decade ago I would love to hear it. Has demand doubled in the last year? Has demand gone up 10 fold in the last decade.
Well, yes . . . demand has gone
way up.
For openers: Just take notice of all the plastic bottles. Have people become more thirsty? I don't know, but everywhere I look I see bottled water. Did you see this many people walk around with bottled water 30 years ago? It takes oil to make plastic!
Population bomb: Look at HKG, 15,000 people per square mile. . . . China, 1.3 billion people; India 1 billion people . . . and growing.
Energy: More power plants. Everybody wants a washing machine, a toaster, a flat screen TV, air conditioning . . .
Transport: Everyday 1000 new cars are being registered in Beijing. Every day: more airplanes, more cars, more trucks . . .
Until alternative energy sources are commercialized: Exactly how and why would the demand and cost of oil significantly decrease....? Have
you stopped driving your car yet?