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Originally Posted by TDK1044
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With China and India placing ever increasing demands on the worlds oil supply as they grow as industrial Countries, you don't need to be a mathematician to see what will happen to the price of oil over the next 20 years....
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You know what the worlds rate of growth for oil consumption has been yearly for the last 30 years? About 1%. This includes China, India, the US, Europe, You name it. This is why I despise the media attempts to say that all the sudden China is using way way way more fuel! BS! Nothing has changed. What you are listening to is speculators. They are hyping the cost of oil again.
And yes, its in the Saudi's best interest to pump massive oil - They are getting top dollar for it right now! I'd turn it up too! Got a get it while its hot!
-S