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Politics : View from the Center and Left

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To: Cogito who wrote (72279)	6/15/2008 10:48:22 AM
From: Wharf Rat	Read Replies (1) of 542126

Production has basically been flat since '05. China and India have had tremendous increases in demand. On top of that, the producers are dramatically increasing their internal consumption, so exports are falling. That leaves people without. en.wikipedia.org (Mexico and Venez. exports to US down 26% so far this year) ``There's nothing to it to start with,' Pickens said in interviews at an American Wind Energy Association conference in Houston. ``That's not what's happened. You have 85 million barrels a day of oil available in the global energy market and 86.4 million barrels a day of demand. So the price of oil is going to go up until you can kill demand.' ... IEA estimated China will increase this year's oil consumption by nearly 6%, while OECD countries' demand will only gain a tiny 0.6%. marketwatch.com So how is the rest of the world coping? The clock turns relentlessly backward: High Fuel Prices Drive up Donkey Prices in Turkey The prices of donkeys in the Yozgat District in Central Turkey have increased sevenfold as many local people are giving up the use of tractors over the high fuel prices, and substitute them with the beasts of draught. novinite.com

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