Hi!

Why is oil going to go up in price, and keep going up in price, even as we here in the US use less???

China (followed by India-10 years back):

This author says that oil is now right-priced, and it's going higher, because of China (India is about 10 years behind them, so just starting their own oil consumption push).

Some oil pundits have claimed that China's demand will ease as oil prices rise. This author says they are delusional!

http://www.resourceinvestor.com/pebble.asp?relid=40701


Quote:

PARIS (ResourceInvestor.com) -- The market has spoken. For once the machinations of the market are being based not on herd mentality, software, technicals or the whims of the mass media. Instead the worrying thing is the moves to $100 oil are based on reality, demand. Chinese demand.
It has not mattered a jot to China as oil has risen in price.
...
If Chinese demand were going to slacken off it would have happened by now. But nothing of the sort is going on. Although, as we have said before here, the figures that come out of Beijing can be slightly odd, it appears Chinese demand is rising somewhere around 10 per cent per year at the moment.

cliff
LRD