So the culprit is China, again. Why you people keep on blaming China for your own problems? Western economies have been consuming MUCH MUCH more oils for YEARS, and neither China nor India were blaming for the fact. However, once China and India join the rank, everybody is crying foul. Be fair, folks! The world has changed, and you have to accept that.
The way to bring oil price down is not just to blame China or India as culprits for increased oil demand. The way to bring the price down has to come from the joint effort from the entire world community. US has by far been the larget oil consumer, and it has to decrease its consumption aggressively, or open up its land or seashore for oil drill. China has done all the dirty work to manufacture most of the products that the world is consuming, so it deserves to use a bit more oil. But since US and western countries are transitioning to service-heavy industries, the oil consumption has to be reduced dramatically from the points before.
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Latest | Highest ratedEnergy Demand: China vs. the World [View article]
The way to bring oil price down is not just to blame China or India as culprits for increased oil demand. The way to bring the price down has to come from the joint effort from the entire world community. US has by far been the larget oil consumer, and it has to decrease its consumption aggressively, or open up its land or seashore for oil drill. China has done all the dirty work to manufacture most of the products that the world is consuming, so it deserves to use a bit more oil. But since US and western countries are transitioning to service-heavy industries, the oil consumption has to be reduced dramatically from the points before.