one of the main reasons is the the worlds emerging economies, namely Brazil and China (adding russia, india and S affrica) ....their economies are growing at a HIGH speed...they are now where we were in the 1950's with a growing middle class that is thirsting for oil, oil to feed their new cars, and heat their bigger homes and fuel their larger manufacturing buildings and factories... the price of oil is climbing because of their consumption presently and will only climb higher and faster with time... so... by 2012, less than a year, we will be lucky if gas hovers around 5.00/gall...the year after may be worse....an ex shell ceo sees this 5.00/gall price by 2012....he doesnt say why but this seems most logical as to why....
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