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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (100017)	8/22/2011 11:09:17 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 149317

I've said both. Peak oil is why supply won't increase over '05 levels. Supply/ demand drives the price. When economies are going well, they need oil, and bid the price up. Gets so high we have demand destruction. People use a lot less. US consumption fell 1.25M BPD in one week. Happened around the world. Less demand, supply starts to build, and the price falls. It will happen again and again and again. Our future looks like some variation of this; move the arrow to the right a bit, to the edge.