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Reply #10: That's a bit different, though, than waiting for gas, period. [View All]

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Bok_Tukalo Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-29-08 03:58 PM
Response to Reply #6
10. That's a bit different, though, than waiting for gas, period.
We are already seeing decreased demand in the United States who is the largest consumer in the world. It has taken a little while but the boat is turning and lifestyles are changing to accomodate a high gasoline price paradigm and within the next few years when SUV's are the exception and not the rule, you will see a glut of oil on the market looking for buyers.

I think that is the 70's parallel we will find.
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