[Homestead] Oil demand ‘rising faster than expe cted’

Don Bowen don.bowen at earthlink.net
Wed Jun 13 12:52:30 EDT 2007


>The reason is that Russia has a far greater population and they are 
>wanting to use more and more of their own oil. Not only is the demand for 
>oil rising in countries with net oil imports, such as the US, but demand - 
>fueled by rising wealth from oil exports - is rising even faster in oil 
>producing countries and driving up the price even faster.

This is a key point that will make many things more uncertain.  Russian 
demand is easy enough to deal with as they do not have a rising population 
and the economy is still mired in communist thinking and state 
corruption.  On the other hand the middle east has an ever increasing 
population and is demanding more of the goodies provided by unlimited cheap 
energy.  They will be using more of their own energy and energy supplies 
decline.  That is why you see the rush to nuclear power in the area.

Of course while we loosen our sabers and throw threatening words at Iran, 
we are carefully ignoring an even more dangerous threat in the area, 
Pakistan.  They are getting more unstable by the day and they have nuclear 
weapons.



Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.  


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