Lifestyles and P.O.O. (Price of Oil)

We have been watching a demand led expansion in the POO, or Price of Oil, for some time now. Much of this is attributable to the lifestyles here in the US and in other areas across the globe. There are countries seeking to expand or enrich their lifestyles through modernization, and commoditization. They are choosing to do this with an expanded manufacturing base, coupled with an exporting program. Much of the export program is directed to the US. This activity puts an ever increasing burden on the world oil markets.