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Re: deeperplate post# 22466

Wednesday, 07/16/2008 1:23:25 PM

Wednesday, July 16, 2008 1:23:25 PM

Post# of 49595
There are a few reasons for the price increase and one of the big ones is indeed supply and demand. The emergence of China and India's middle class has put increased demands on the worlds supply. About one third of the world's population reside in China and India, and until recently their oil demands were in check. Now they want all the nice things that come with an oil consuming economy. You cannot summarily dismiss that. That is probably the largest single factor in the increase in price.

SHELLY