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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (206744)	10/15/2004 3:57:08 PM
From: SilentZ	Respond to of 1573214

>Don't be a fool. Petroleum is going to continue to escalate over the coming years. $60/bbl will be cheap 3 years from now. It has nothing to do with Bush. Every major expect on the subject recognizes this. To say it has everything to do with Bush is incorrect. However, to say it has nothing to do with Bush is also incorrect. -Z

To: i-node who wrote (206744)	10/16/2004 3:38:24 AM
From: Elroy	Read Replies (2) \| Respond to of 1573214

It has to do with worldwide demand which increases each and every month. 1+ billion Chinese and 1 billion Indians entering the world economy more and more every day = oil is going to go up in price for years. The Iraq situation is just a headline that helps the buyers pay more. The increasing demand against finite supply scenario is what is pushing the oil price up. The poor Saudis don't mind. And I would imagine every $1 per barrel increase makes them less and less inclined to reform their oppressive social system....