Quote:
Originally Posted by philco
You have had fuel so cheap for along time now, I would fill up and get those miles in. Surely prices are going to rise steeply over the next 12 months. It was reported on the news this side (UK) of the pond that the US oil production peaked in the 70s and has been on the decline ever since. Russia's peaked in the early 80's. Now that China is demanding more oil as a nation things are going to get tighter and more expensive. Here in the UK the price has just breached a pound a litre for unleaded, whilst super unleaded 1.06! And it seems to rise every 2 months or less!
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Everyone points the finger at Bush for the rising fuel prices, but China is the main culprit I'm wondering how much gas/oil the average Chinese can buy? Is it China's industry consuming most of the oil or is it something else???