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View Diary: BREAKING: New Gulf Oil Spill (98 comments)

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  •  I don't know squat about it, but that chart is (2+ / 0-)
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    Puddytat, Bronx59

    specifically Motor Gasoline Products, yes. If so, what are the demands coming from China, Japan, the USA for energy production oil? That is, oil for oil-fired electricity generation.

    China is buying up oil like crazy to keep its economy humming. Japan has shut down just about every nuke plant and turned to oil-fired plants (I believe).

    I think that's where demand is up.

    Factor in the fact that oil companies are going further and further out to sea, and to more remote areas to try and tap the earth's last deposits. Meanwhile, they're laughing all the way to the bank with ever increasing profits.

    It's a supply, demand, production, greed issue. All coming together to form the perfect storm of earth's demise.

    Romney - his fingernails have never been anything but manicured.

    by Pescadero Bill on Thu Apr 12, 2012 at 08:44:18 AM PDT

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