Friday, March 12, 2010

China oil use up 28%

China's oil use goes up 28% in one year. Folks, this is scary. OK, my prediction of gas going over $3/gal this year; well is will come true soon. However, we could face super high prices later in this decade if demand continues to rise.

Petroleum price to will soon rise. What we have is both an increase in demand and a decrease in supply of fossil fuel products as more nations industrialize and grow. Expect prices to rise as we consume more.

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