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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: excardog who wrote (28717)1/3/2004 1:20:30 PM
From: quehubo  Read Replies (2) of 206177
 
<<China has been talking to Russia about Siberian oil for a decade, and its need has grown acute. It is on a pace to overtake Japan next year as the world's second-largest oil consumer, and to catch the leader, the United States, sometime around 2030, by quintupling its current demand.>>

USA is at 20 mbpd now and China at 5 mbpd. If someone thinks there will be enough for USA to grow and China to equal our consumption in 26 years they are dreaming.

This game will get allot uglier once scarcity begins to be felt.
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