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Originally Posted by bmxer99
blame china and india
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You are spot on. The war in iraq had an impact on gas prices by creating uncertainty in the supply... but that was a temporary blip. The biggest issue issue is voracious demand for oil from china/india and slowing rate of new oil discoveries. All the money we (and the rest of the world) pump into those two countries from buying cheap goods is creating a huge middle class over there that wants the same consumption based lifestyles that we are accustomed to. Some analysts are predicting that China will take over the US as the world's largest auto market by as early as 2020. If you think gas is expensive now, wait until the number of cars on the roads worldwide more than doubles over the next decade.