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[OM] Re: OT For the 4X4 Listees

Subject: [OM] Re: OT For the 4X4 Listees
From: "Simon Worby" <simon@xxxxxxxxxxxx>
Date: Fri, 4 Feb 2005 19:17:02 -0000
James N. McBride wrote:

> Gasoline prices in Europe and North America are going to
> be increasing substantially in the near future. The increased
> appetite for fuel in Asia, at the same time the world supply
> is peaking, will drive this. China is establishing new alliances
> with oil producing nations to assure their supply and the rest
> of the world had better "stand by for a ram."  Life styles will
> be altered.  /jmac

The world's biggest economies are reliant on oil and on a low-ish oil
price. An increasing oil price will lead to global recession which will
in turn reduce the demand for oil.

At the same time, as oil prices rise, so it becomes economic to extract
oil from more difficult places, and thus the supply increased.

Add the two together and you get an increase in the oil price which is
nowhere near as great as some would have you believe.

Regards,

Simon
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