You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login

Reply #7: Yeah, because china and india's increased demand doesn't factor in [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri May-06-11 09:39 AM
Response to Reply #5
7. Yeah, because china and india's increased demand doesn't factor in
at all.

china has, on average, a 5% year on year increase in it's fossil fuel usage.

That would never effect price.

There hasn't been a large discovery of oil, on a scale that is needed to keep things status quo, in the world in the last 30 years.

Oil is now being extracted from sands and tar fields. Oil is now being drilled at depths of 12 thousand feet.

Yeah, there is plenty out there, but it's getting harder and harder to get.

peak oil is not about running out, it never has been. It's been about meeting demand.

we are going to hit 7 billion people very soon. and by 2050 there will be 10 billion.

china is adding over 1500 million cars to roads daily.(that's almost 600,000 cars yearly) "America pioneered the motorization of human society and leads the world in auto ownership today, with more than one auto for every licensed driver. But with vehicle growth rates over the past decade slowing to around 1 percent to 2 percent a year in the U.S., Western Europe, and Japan, most vehicle growth is now in emerging nations. As the world gets richer, private car use will zoom ahead, especially among the 2.4 billion citizens of China and India. Beijing alone now adds nearly 1,500 cars to its roads every day." That's just Beijing. (

This doesn't even include the asphalt needed to pave those same roads.

Yeah, just try to get it back down to 35 bucks a gallon. The EROEI is alone to justify at least $70 barrel of oil. That doesn't include profit and transport.

People love to blame the speculators, while they do have an element added to the price, they alone aren't to blame. We use oil, the world uses oil. Everything uses oil. Yet, we get all bent out of shape when the price goes up. As if nothing else as any bearing on the price.

We live on a ship of fools.
Printer Friendly | Permalink |  | Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC