| Re: Treasury Secretary Paulson: Don't Blame Dollar Weakness for Oil Price Rise
Quote:
Originally Posted by galenrox  Over the last decade the Chinese oil consumption has increased from 19.5 billion cubic meters to 67.3 billion cubic meters, and you've provided no argument as to why those numbers specifically would not lead to a doubling in price. | Dude. I provided the 2004 to 2008 numbers. Oil prices have doubled in that time. China and India haven't come close to even adding 25% more consumption to their annual usage in that time. There is no way that they could be accountable for the vast rise. Quote: |
Now I'm not saying you're necessarily wrong, you very well may be correct, but if you're stating an argument, it's usually beneficial to state an argument.
| I expected the numbers to do the talking for me. It's pretty damn clear that consumption from the two rising powers ain't the problem.
It's the damn dollar that's the problem.
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