On Sat, 25 Jun 2005 16:32:50 GMT, "Doug Kanter"
wrote:

"John H" wrote in message
.. .


Let's assume that it's something people normally want ALL the time, John.
Coffee, shoes, whatever. Don't hand me junior high school economic
theories.

Well, if we assume the demand hasn't changed, and the supply has
diminished,
then prices will go up.

In the case of oil, the demand has greatly increased over the past several
years
(almost as bad as outsourcing!).

The junior high economic theories are, at least, rational.

In case Fruitz pretends not to notice the question I just asked him, I'll
ask you: Please indicate specifics as to WHERE you believe this increased
demand is coming from. If you choose to repeat "China...", as others have,
please provide data.

Chinese oil consumption has accounted for nearly 40 percent of the growth in
global oil consumption since 2000. That rise in demand has come not from the
growing number of cars on China's roads but from energy-hungry power plants and
industrial boilers. Even if the country's economic growth slows, as many experts
expect, the rapid pace of urbanization will continue increasing China's oil
consumption, possibly doubling it within a decade.

From: http://www.energybulletin.net/414.html

Do you need more?
--
John H

"All decisions are the result of binary thinking."