PEAK OIL - The New Y2K or The Beginning of the Real End? Message Board

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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End?

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To: bentway who wrote (953)	9/10/2005 6:30:00 PM
From: Triffin	Read Replies (2) of 1183

Someone posted awhile back a table of average retail unleaded gasoline prices by country, which indicated that several countries were subsidizing local prices in a big way ie Venezuela @ 12 cents/gallon .. What happens to demand when those countries that are currently subsidizing prices for the local population can no longer afford to do so ?? Shouldn't the result be some significant demand destruction ?? Triff ..

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