"Eisboch" wrote in message
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"JoeSpareBedroom" wrote in message
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"Vic Smith" wrote in message
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On Sat, 1 Mar 2008 11:40:00 -0500, "Eisboch" wrote:


Can somebody please explain to me why high oil prices is perceived as a
unique problem to the USA with Bush at the center of the cause?


Only perceived that way by some.
OTOH, Bush, and Clinton, and Reagan did very little to rein in the
profligate waste of oil, and seek alternatives.



Everybody wants someone else to fix problems, because we have "the right
to do whatever we want". yawn............


Well, since my guess is as good as any, I'll offer my opinion.

The primary reason for the dramatic world-wide increase in the price of
oil is, IMO, ..... China.
As China has gone through it's rapid industrialization and modernization,
there have been several shortages of basic materials leading to spikes in
prices. Quality stainless steel plate is becoming difficult to order for
my son's business with huge increases in price when you can get it. The
same was (still is to a degree) true with concrete. China was buying up
everything that the world could produce.

As China continues to industrialize and more and more of her population
hang up their bicycles in favor of newly affordable automobiles, oil
prices will continue to rise regardless of what any individual country,
including the USA, does. All we can do is find alternatives to oil which
is a daunting challenge.

Eisboch



Demand from China certainly explain a long term trend. But, it absolutely
does NOT explain the weekly ups & downs.

I'd like your thoughts on this article, please. Assume it's true, since it
is.

http://www.thetimes.co.za/Business/A...aspx?id=672709