Quote:
KlvinoHRGA said:
I heard something interesting and something worrying too.
An analyst on CNN attributed rising gas prices to demand from China as well as the oil industry gouging. At first I thought that was harmless, but then the what-if, paranoid thought entered my mind that maybe China is forcing gas prices up intentionally. They don't have to worry about loosing money on paying higher gas prices since most of the US's merchandise and goods are currently being produced in china meaning china gets the money to pay higher prices.
Just a paranoid thought.
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China is #2 in petroluem usage, having recently passed Japan, but that doesn't tell the whole story. The US is still way out ahead of China in total usage at over 20 million barrels a day while China 'only' uses about 6.5 millions barrels a day. Incredibly, the
increase in USA oil usage over the last decade has been about as much as China's total usage today! Looks like the lessons of the 1970s oil shocks have not been learned. Americans just cannot seem to learn the meaning of 'conserve'...
Interesting statistics and info:
http://www.gravmag.com/oil.html
http://www.energybulletin.net/15185.html
How's this for nerve? The leader of a country that consumes more than 20 million barrels of oil a day is warning the leader of a country that consumes some 6.5 million barrels not to try to lock up world oil resources. When President Bush welcomes the Chinese president, Hu Jintao, to the White House today, the American complaint will be that China's appetite for oil affects its stance on Iran, Sudan and other trouble spots.
Re: OT: Gas Prices
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