The Oil Drum article - Countdown to $200 oil: $140 oil and speculation

[mrflash818]

Countdown to $200 oil: $140 oil and speculation


Excerpts:

There are A LOT of good reasons why oil prices are going up. Let me show you just a few.
...
Chinese growth
China is enjoying staggering growth rates for car ownership.
...
volumes available for export, and thus volumes available on the global oil market, are shrinking
...
Production declines

Comments

[scarybaldguy]

The streets of Beijing are damn near impassable *without* cars. WTF are they thinking?

[peebeebaynut]

Goes hand-in-hand with this:
China's TV Audience Surpasses 1.2 Billion

You buy the TV, it sells you the car.

[gotime]

Isn't China planning on rolling back gasoline subsidies after the Olympics though? That would have an effect on demand!