Demand
I personally was shocked by how flexible demand was in regards to fuel. If we are past peak then all we have to do as a country is to be willing to pay a few cents more per gallon then China or India and we can continue to have the oil all to ourselves.
Other nations do not seem to have the ability to absorb increasing fuel prices as much as we do.
Our future probably lies somewhere between peak oil destruction and a continuance of our global gluttonous ways. Fuel prices will most likely climb over the years inspiring advances in efficiency and alternative forms of energy. The rich will continue to consume most of the oil and the poor in third world countries will ride electric bikes to work.
Skyhigh
Last edited by SkyHigh; 09-24-2009 at 11:46 AM.