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Wednesday, November 21, 2007

Is Peak Demand Near for Oil Consumption

There has been considerable speculation about whether oil supplies have peaked and hit there limit, but not a lot of thought about how soon demand for oil will start falling. In the 1990's there was considerably more concern that oil use was reaching an end because of global warming and crude oil fell to all times lows. The oil companies and Saudi Arabia bounced back and got politician elected like George (Hud)Bush and Arnie (the panzie)Shartznagger that rigged the system in favor of more oil consumption and not less. Arnie (the panzie) has killed plans for rail and mass transit sytems in California and increased spending for highways and when its clear Calilfornia needs more rail systems in the state. People are now getting scared because of sever droughts acroos the country and peak demand for oil might be a lot closer than you think.