the price of oil is been driven by the ever increasing global...

the price of oil is been driven by the ever increasing global demand and ever decreasing supply, as china, india & developing countries grow and their standards of living increases so does their reliance and demand for oil increases, if the average chinese consumed the same as the average american then the chinese would consume 99 milion bopd thats over 20% more than the current production of 2005 and thats not including india, high oil prices are here to stay for many years to come, even in australia we are consuming more oil than ever our love for big oil guzzling cars is forever increasing just look at how many big 4wheel drives we use in the city which chew 50% more petrol than a 4cylinder and i thought they were only for the country