“Got a source for that?”
http://en.wikipedia.org/wiki/Peak_oil
World crude oil demand grew an average of 1.76% per year from 1994 to 2006, with a high of 3.4% in 2003-2004. World demand for oil is projected to increase 37% over 2006 levels by 2030 (118 million barrels per day (18.8×106 m3/d) from 86 million barrels (13.7×106 m3)), due in large part to increases in demand from the transportation sector.[10][11]
‘PEAK OIL’.?????..
interesting.....that is what all the environmental marxists cite as a source!
(eye roll)
That being said, after I posted....I think I asked the wrong question.
Why would you think there is a flat direct percentage correlation with demand to price? What I mean by that is....just because demand goes up 10%...doesn't mean price will only go up 10%.
And if a person subscribes to "peak oil"....where demand outstrips supply..in any given time frame...price will surely rise percentage wise much more than the percent increase in demand.
IOW, I think you just looked at demand...and not production. And then took the Dem's bait on this issue.
Speculators are here in America to stay, and they serve a function...Unless we just toss this country overboard and go totally socialistmarxist...speculators in all commodities will be here like it or not.
IMO, the DemocratLyingLiberals threw out that accusation that it's the "EVIL SPECULATORS" that have caused price inflation.....just to divert attention to the FACT that they are holding the country hostage for POLITICAL reasons.
Drill here, drill now.
Krauthammer had a great article on drilling here and now...in my paper today. It's a great read.......
FWIW, and FRegards,