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The world consumes about 80 Million Barrels a day. There are 42 gallons per barrel. The US consumes about 18 Million barrels per day.
China can seriously fuck up the equation on the supply and demand in the coming years. Its estimated because China is consuming petro in its burdgeoning economy at unprecedented levels world consumption could skyrocket to 140 Million barrels per day and drive the prices up past $5 a gallon.
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