Jack_Berry
Moderator Emeritus
when it snows in s.c. and the cable goes out you never know what truckers will discuss. during the conversation that went from oilpipline above and below ground, serial killers and border patrol the fuel driver at the j in blacksburg offered this observation.
in 2007 when prices started to rise happened at the time that the middle classes of china and india started to prosper and become purchasing machines. one of the purchases an affluent chinese or indian consumers was an automobile.
the united states has 300 million or so fossil fuel burners but refinery capacity for 150 million so the usa ships its crude from alaska off to china to be refined. the chinese and indian gov'ts needed fuel for their cars and both gov'ts started buying refined fuel on the open market. this shortage of refinery capacity and demand for the final product drove the prices up. at the same time china started to build another large refinery to handle demand it is when the product from this refinery started to reach consumers that the prices started to come down.
in 2007 when prices started to rise happened at the time that the middle classes of china and india started to prosper and become purchasing machines. one of the purchases an affluent chinese or indian consumers was an automobile.
the united states has 300 million or so fossil fuel burners but refinery capacity for 150 million so the usa ships its crude from alaska off to china to be refined. the chinese and indian gov'ts needed fuel for their cars and both gov'ts started buying refined fuel on the open market. this shortage of refinery capacity and demand for the final product drove the prices up. at the same time china started to build another large refinery to handle demand it is when the product from this refinery started to reach consumers that the prices started to come down.
