[Gorzaloon]

(Reuters) - Oil was unlikely to fall below $100 per barrel as strong demand from emerging economies such as China and India put a floor under prices

Every gallon of expensive gas we buy is one more squeaky toy we do not buy from China, and one more IT job not outsourced to India.

We will set the demand levels in these countries by not being ABLE to afford to buy their stuff, and by reducing driving, as we already have.

Where are they otherwise getting the money to expand their demand for fuels? From people here that are paying more for fuel.

Cue in "It's a Small World After All".

[CarrotAndStick]

India


GDP (official exchange rate): $1.099 trillion (2007 est.)

Exports: $150.8 billion f.o.b. (2007 est.)

Ratio Exports-to-GDP = 150.8 / 1099 = 0.137 = 13.7%

Exports partners: US 15.1%, UAE 8.8%, China 8.4%, UK 4.3% (2006)

Imports: $230.2 billion f.o.b. (2007 est.)

https://www.cia.gov/library/publications/the-world-factbook/geos/in.html#Econ