RE: RE: RE: time to reloadEKM1 - Your view runs counter to that of the International Energy Agency - whose job it is to predict future oil consumption.
The IAE recently predicted a significant increase in oil demand in 2012 (as well as the increase that has already taken place this year) - this increase demand coming mainly from emerging economies.
Although the market makes a lot of spin out of US job figures and problems in the Euro zone - these are not the 'drivers' of growth consumption.
Even with a slow down in China (if it happens) - an emerging middle class who want cars - as well as an increase in their general standard of living, - represents a huge population.
If only 10% of China's 1.4 billion aspire to a Western standard of living over say the next 5-10 years this translates into an enormous upward presure on oil demand