The 16% increase in consumption (year over year) is staggering. It is one of the reasons that the price of oil is skyrocketting. It also makes obvious the fact that conservation simply can't reduce the price of oil. The USA absolutely must begin drilling more domestic oil...and must do so now.
1 posted on
04/29/2008 2:19:55 PM PDT by
NRG1973
To: NRG1973
Sooner or later though, their artificial prices will bite them in the arse.
2 posted on
04/29/2008 2:34:55 PM PDT by
fightinbluhen51
("...If it moves, tax it, if it moves faster, regulate it, if it stops, subsidies it.")
To: NRG1973
It also makes obvious the fact that conservation simply can't reduce the price of oil. The government is subsidizing Chinese consumers to the tune of tens of billions of dollars per year. I gotta think this kind of thing is unsustainable over the long run. The Chinese economy isn't growing at a 16% annual rate.
4 posted on
04/29/2008 2:41:12 PM PDT by
Zhang Fei
To: NRG1973
WHy is China allowed to drill 50 miles off the Gulf coast and not a US company?
9 posted on
04/29/2008 2:56:15 PM PDT by
cake_crumb
(At the rate Obama's going, his bus'll need a lift kit just to clear all the bodies.)
To: NRG1973
I have been told that the Chinese language is incredibly difficult to master.
16 posted on
04/29/2008 4:09:38 PM PDT by
Gator113
(McCain will be the best democrat President this country has ever elected.)
To: NRG1973
Domestic is already near what the max would be. Two million more barrels a day would not have much impact when twelve million a day is needed.
17 posted on
04/29/2008 4:12:55 PM PDT by
RightWhale
(Repeal the Law of the Excluded Middle)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson