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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?


To: bentway who wrote (953)9/10/2005 6:30:00 PM
From: Triffin  Read Replies (2) | Respond to of 1183
 
Someone posted awhile back a table of
average retail unleaded gasoline prices
by country, which indicated that several
countries were subsidizing local prices in a
big way ie Venezuela @ 12 cents/gallon ..

What happens to demand when those countries
that are currently subsidizing prices for
the local population can no longer afford
to do so ?? Shouldn't the result be
some significant demand destruction ??

Triff ..