Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: John McCarthy who wrote (78207)	4/23/2008 12:13:49 PM
From: koan	Read Replies (1) of 116555

John: "I believe in demand curves .... the demand curve for oil is gonna shift ... and shift and shift and shift yes ... the price point where demand and supply cross will be higher ... but the units of oil each of us use both directly and indirectly is gonna decline .... " koan; "I agree with that John. But the difference will come from asia again, IMO. e.g. only 7% of people in India have cars. The new Tata ($1,500) will allow many more people to own cars. Now the tata gets something like 50 miles to the gallon, but if millions of people get them you can see what will happen. Oil can go to $150 and people will adapt with more fuel efficient cars and less driving. What will exacerbate the US economic problem is that many peopel will need to replace their gas guzzlers just at a time when they do not have the money to do so. Which is just one more nail in our economic coffin. What happens in the US becomes less and less relevant every day.

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