Reply #11: Totally disagree. You make it sound as if America is china's only market. [View All]

[Javaman]

yes, we buy a ton of stuff from china, but so does europe, the middle east, africa, russia and south america. We stop buying stuff, gas will not go down, it will either remain or go up, because with china's now 10% growth yearly, what ever we don't use they will.

Ships run on bunker fuel not gas. we are now getting bucket loads of goods from mexico and they are coming into the US via trucks, on top of that mexico's main oil field is failing. It dropped 5.4% last year alone. They are the second largest non-opec provider of oil to us behind canada.

Plus, if oil gets down to under 60 bucks a barrel, the people who are now heavily invested in the tar sands will get really pissed off. they won't make any money. Those "people" include mobile, exxon and shell.

The worlds easy oil is peaking. It's predicted that by 2017 that the world will need double of what is being used now. That ain't going to happen.