bob the lover

Where Does Oil Go from Here?

All the oil bulls love to mention how global demand will drive oil into higher and higher nosebleed territory.

My question:

If Americans can’t afford 140dollar oil- how can China and India afford it?
Once gas hits well over 4 bucks a gallon Americans stop driving.

If the average American can’t afford gas- how can the average Chinese driver afford it?
Last I checked it they don’t make as much as Americans do- where do you expect China and India to find all that cash to purchase oil at 150 and above?

Unless they wish to bankrupt their countries- I don’t see how they will continue to blindly and ravenously purchase oil at ever increasing prices.