Demand increased supply remained same..that is the bottom line...US Feds, Big Oil cos this that are sub plots...basic economics still remains same....high prices are good in a way..huge guzzlers and oil addicts like the US must adjust lifestyle - either dig up more oil from Alaska and not worry about Polar bears or simply cut down consuming oil...build sub trains, buses, railroads and quit 3-4 cars per family and SUVs.
RE:Demand & Supply
by MS on Jun 03, 2008 10:32 PM Permalink
Yes, we are feeling the effect of Oil peak. Prashant, it doesnt matter if it is 4-5% of more, the bottom line is that demand-supply gap is widening. Come up with some way of reducing fuel consumption and reduce the burden on our nation.
RE:Demand & Supply
by Prashant on Jun 03, 2008 10:21 PM Permalink
do u know what is the percentage change in demand compared to last year's daily consumption? IF there is 4-5% change why the prices are changing 200-250%.? Its all greedy speculators trying to make bucks.
RE:RE:Demand & Supply
by Rajendra Rao on Jun 03, 2008 11:42 PM Permalink
Bush is to blame for many things. His Iraq war is going on for ever- every day USA lifts supplies on many cargo planes to Iraq- and stupid politicians make frequent trips to Iraq- wasting a lot of fuel. Bush did not implement a good energy policy. Had he done that, USA would have seen a significant increase in alternate fuels and technology. Bottom line is- the world petroleum deposits are being wiped out at a fast rate- 80 million barrels every day. This planet is doomed with idiots running the countries, and more idiots breeding out of control.
RE:Demand & Supply
by sushma anuprava on Jun 04, 2008 11:05 AM Permalink
What an idiotic article this is by rediff? The main reasons behind the bubble are not discussed. Waste of time going through this.
