TRIADWATCH: If 2008 was the first year the billions of people in China, India, Russia and the Middle East consumed more oil than the millions in the US, what should happen when demand exceeds supply?

Friday, July 1, 2011

If 2008 was the first year the billions of people in China, India, Russia and the Middle East consumed more oil than the millions in the US, what should happen when demand exceeds supply?

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Via The Oil Drum

The world consumes two barrels of oil for every barrel discovered.

…is this something you should be worried about?

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