Phillipp10

60 Minutes on Oil: Did Anyone Verify Anything?

you are somewhat right in that 3% less usage should not drop the price by 1/3rd however, it is not a linear realationship either. A 3% shortfall of anything that is a necessity will raise the price much more than 3%.


On Jan 12 10:40 AM auto44 wrote:

> Peoples driving is really a small part of the total use of crude
> i would think. Falling demand by industries and shipping worldwide
> would be my guesss to have a much higher impact. Credit /mortgage
> mess caused most everything to drop like a rock.