Quote:
Originally Posted by Flames in 07
By far and away, on the supply side, what is different now is China and India. what we do here in Canada to conserve a bit here and a bit there, basically means nothing to the equation, it is lost in the rounding to the appitite coming from Asia.
In the 70's it was the habits and lifestyles in N America that mattered, this time it's China.
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Difference being, the government in China heavily subsidizes oil products. If those subsidies ever end...