shain

Where Does Oil Go from Here?

bob-
many nations like china subsidies oil in some countries gas is under a us buck/gal. I hate 2 say we need 4 gal gas so that we will move closer to energy independence. opec likes to tighten the screws on us as prices fall. drill! drill! drill!, get rid of corn ethonal (food cost goes up), bio, nuke, wind, solar or crazy idea nat gas.


On Aug 21 12:58 PM bob the lover wrote:

> 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.