Quote:
Originally posted by Webby
Scherfi:
Mmmm... partly! :-) The major reason for the increase on oil prices is a higher demand from the Asian countries.
But considering the US consumes almost 25% of the world's oil, yet only has 5% of the world's population and is 10th in ranking in profitable production (pro rata investment), - I can't see oil prices *ever* reach the levels they were a few years back.
|
yes, you are right about that. especially china is growing rapidly (as faboleux mentioned already).