Friday, March 30, 2012
Why Gas Will Never Be $2.50 Gallon Again - China, India...
Top Photo: Beijing China Traffic when I first went there in 1982.
Bottom Photo: China traffic today (2012).
FACT: China will add another 170 MILLION cars the next 5 years. India, Brazil will add millions more as well.
Conclusion: $2.50 gas is a pipe dream. It's a GLOBAL gas market. Supply is LESS than demand and will continue to fall short as demand and the economies pick up.
Source: Better Times Ahead: April Fool? "Agenda for American Greatness"