[silverleaf]

You overlook the growing appetite for fossil fuel from China.

In the next decade or two, you can no longer expect to live in a world with one large consumer (USA) and other geographically and populated large countries too underdeveloped and impoverished to make similar or even larger demands for oil and gas.

Supply is there, but extraction will have to grow a WHOLE lot more to compensate. The church of environmentalism has intervened. Therefore usable supply is not showing that it will be able ...or willing...to meet demand.

That is why speculators have already pushed the world to $69 per barrel.

[thackney]

IEA sees China's 2006 oil demand at 6.9 mln bpd
http://www.freerepublic.com/focus/f-news/1613667/posts