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To: LindyBill who wrote (256327)7/1/2008 9:25:19 AM
From: Triffin  Read Replies (1) | Respond to of 793906
 
Good post ..

This has been the question of PO mitigation ..

Can we consistently conserve or make efficiency
gains sufficient to offset declining supplies
going forward ??

Internal demand from growing economies
in oil exporting countries plus China/India will
absorb any excess supply ie Jevon's Paradox ..

Here's hoping for a smooth ride !!

ps .. Decreasing domestic demand for gasoline
argues against additional domestic refinery capacity ..
Refinery ulilization is running ~88% currently ..

Triff ..