<Uh, uh; supply of refined product is tight because of increased energy demands from China and India. We are at the point where demand is outstripping supply. Get used to it.>
I don't see how demand can outstrip supply. People pull up to the gas station in their SUV, gawp at the price per gallon. Put in enough to drive to the bicycle, or Segway shop, or shoe shop, then drive home and park the SUV.
They put a "for sale" sign in Google or eBay. Somebody buys it for their children to play in in the back yard.
When somebody pulls up to the service station, or the 747 needs refueling, or the ship needs another bunker, the product is there. There are big signs advertising product. So demand is obviously not outstripping supply or the tanks would be empty.
The tanks are not empty. The wells are pumping, the refineries are churning it out flat out. It's party time in the oil business. Thank goodness for the war in Iraq. It keeps a LOT of competing oil off the market.
When we wonder why something happens, we should see who benefits.
Demand is too low.
Except that in the greenhouse effect world, demand for CO2 is too high. The plants can't get enough of the CO2. They are emptying the atmosphere faster than we can fill it. Down here in NZ, there is no greenhouse effect. The place is freezing. I think another ice-age is on us. It's cold, wet, windy and dark [I woke too early and will have another nap shortly].
Come on you Yanks. Get out there in your SUVs and burn more gas.
Mqurice |
