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Originally Posted by stevie667
I agree with that, even with the SUVs, that would be hard to accomplish.  |
You guys might be right if you limit demand to North America, but when you look at the explosion of oil usage in India and China among the general population as well as other parts of the world, it's enough to drive demand through the roof. If only 10% of Chinese and Indians drive (remembering that each country has roughly 1,000,000,000 people each), that's an additional 200,000,000 drivers, which is roughly the equivalent of all the drivers in the US.
That's a big change in demand. It's not the entire reason for the increase in demand but the improving economies in those nations does have a serious impact.