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Originally posted by XS207
You people are aware that it is not America that is causing the global supply shortage of oil. The biggest problem in the world right now is China. With their 1.3 billion people becoming an industrialized nation, they are using in excess of 50% of the worlds production output of gasoline and other light end fuels.
But, luckily for us, they are rebuilding their country too much too quickly. I predict that China will go "belly-up" for a while in terms of rebuilding in the next 10 years. That will bring prices at the pump back down because the demand won't be as high. (duh)
Uhhh, sorry I didn't bring more to discuss to the table.
#1 United States 20,030,000 barrels per day
#2 China 6,391,000 barrels per day
#3 Japan 5,578,000 barrels per day
#4 Russia 2,800,000 barrels per day
#5 Germany 2,677,000 barrels per day
#6 India 2,320,000 barrels per day
#7 Canada 2,193,000 barrels per day
#8 Korea, South 2,168,000 barrels per day
#9 Brazil 2,100,000 barrels per day
#10 France 2,060,000 barrels per day