http://one-blue-marble.com/blog/2009/05/16/eggs-in-one-basket-harpers-economic-disaster-is-barreling-along/ The most reliable and cheap online pharmacy Sat, 10 Jul 2010 22:34:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://one-blue-marble.com/blog/2009/05/16/eggs-in-one-basket-harpers-economic-disaster-is-barreling-along/comment-page-1/#comment-1739 Chris Stephenson Sun, 17 May 2009 13:55:37 +0000 http://one-blue-marble.com/blog/?p=456#comment-1739 The cap and trade system, as well as the California emissions standard will surely cause some pain in the short term. However, North American demand for transportation fuels will be declining significantly in the next decade anyway, as hybrid and electric technology reshapes the auto industry (the record so far is the Ford Fusion hybrid achieving 2300 km on a single tank of gas). As declining demand becomes the norm and the market shrinks, declining influence on the heavy oil industry will also become the norm. Far from being a dead end, the Energy Sands has a bold and bright future as new markets emerge in Asia. Some 1.5 to 1.8 billion Chinese and Indian consumers will be entering the first world economy and have an insatiable demand for fuel and petroleum based plastics found in consumer goods. This strong demand will put considerable and sustained pressure on crude oil prices, leading to enhanced industry profitability with little to no environmental restrictions or regulations to adhere to. Remember, oil always flows in the direction of least resistance. The cap and trade system, as well as the California emissions standard will surely cause some pain in the short term. However, North American demand for transportation fuels will be declining significantly in the next decade anyway, as hybrid and electric technology reshapes the auto industry (the record so far is the Ford Fusion hybrid achieving 2300 km on a single tank of gas). As declining demand becomes the norm and the market shrinks, declining influence on the heavy oil industry will also become the norm.
Far from being a dead end, the Energy Sands has a bold and bright future as new markets emerge in Asia. Some 1.5 to 1.8 billion Chinese and Indian consumers will be entering the first world economy and have an insatiable demand for fuel and petroleum based plastics found in consumer goods.
This strong demand will put considerable and sustained pressure on crude oil prices, leading to enhanced industry profitability with little to no environmental restrictions or regulations to adhere to.
Remember, oil always flows in the direction of least resistance.

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