[copious.abundance]

Well I'm glad you all agree that oil consumption can increase infinitely and that even Third Worlders (or their governments) can afford infinite oil price increases.

[DantesPeak]

$this->bbcode_second_pass_quote('Eli', 'F')udge!

Does anyone else remember when the IEA was saying stuff like we will not possibly hit PO for 20 years?

[americandream]

$this->bbcode_second_pass_quote('OilFinder2', 'W')ell I'm glad you all agree that oil consumption can increase infinitely and that even Third Worlders (or their governments) can afford infinite oil price increases.

[DantesPeak]

$this->bbcode_second_pass_quote('OilFinder2', 'W')ell I'm glad you all agree that oil consumption can increase infinitely and that even Third Worlders (or their governments) can afford infinite oil price increases.

[SILENTTODD]

World wide Demand Destruction will not occur until countries that subsidize the price (use) of gasoline (China, India, Venezuela, Saudi Arabia, Iran, ect, ect) allow it to be priced to world levels. It will come back to bite them in the butt, but not before it has decimated the American and possibly the European economies.

[copious.abundance]

$this->bbcode_second_pass_quote('americandream', 'I')'m not entirely sure just what your notion of third world attitudes are, but I would hardldy rank the Chinese within the scope of what you have in mind.

[DantesPeak]

$this->bbcode_second_pass_quote('SILENTTODD', 'W')orld wide Demand Destruction will not occur until countries that subsidize the price (use) of gasoline (China, India, Venezuela, Saudi Arabia, Iran, ect, ect) allow it to be priced to world levels. It will come back to bite them in the butt, but not before it has decimated the American and possibly the European economies.

[Eli]

And that is not going to happen in the case of China they have trillions in dollars just sitting around waiting to be spent. They will continue to subsidize oil.

That will have the effect of destroying the US spending power, the more China dumps the dollar the more oil there will be for them to take.

This is going to be interesting.

[americandream]

$this->bbcode_second_pass_quote('Hogan', 'a')mericandream, just ignore OF2. He's flame baiting this thread, trying to hijack it.

[socrates1fan]

$this->bbcode_second_pass_quote('Hogan', 'I') remember, MQ. You've been saying this all along.

Any drop in western consumption (US, Europe) will quickly be sucked up by rapidly expanding Asian and S. American economies. Their domestic consumption is soaring, despite prices. They got a taste of the good life, and won't easily give it up.

[MonteQuest]

$this->bbcode_second_pass_quote('OilFinder2', 'W')ell I'm glad you all agree that oil consumption can increase infinitely and that even Third Worlders (or their governments) can afford infinite oil price increases.

[americandream]

$this->bbcode_second_pass_quote('OilFinder2', '')$this->bbcode_second_pass_quote('americandream', 'I')'m not entirely sure just what your notion of third world attitudes are, but I would hardldy rank the Chinese within the scope of what you have in mind.

[MonteQuest]

$this->bbcode_second_pass_quote('OilFinder2', ' ')Gas in China is already around $3/gallon. Do you think the Chinese will continue to buy as much gas if it goes up to $5/gallon? Or $8/gallon?

[Eli]

Monte in the case of China and India I think it now goes beyond the desire for the good life.

I think they must grow and expand or they will literally start dying. Without growth their populations will start to revolt.

[MonteQuest]

$this->bbcode_second_pass_quote('Hogan', ' ')I understand how you feel. It still amazes me that some people will never understand even the basic concepts of the big picture. Or maybe they are just in denial. I don't really know which.