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Wednesday, May 11, 2005
If you think that gas prices are high now, just wait till the demand for oil in China doubles. It is predicted that China's consumption will go from 7 million to 14 million barrels of oil a day by the end of 2012. Also take into account that several other countries, such as India, have economies that are starting to take off and consume more oil than ever. I just don't see the price of oil going down anytime soon, it will reach $100 a barrel before we ever see it at $25 again. Just thought I'd let you know.
And just you wait for when a State-owned Chinese oil company set us shop in the Tar Sands!
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