Wages and income are rising fast in China, India and across southeast asia while income falls in the US. World wide energy demand will continue to rise even faster as more people can afford a better life style. The US is only 5% of the world's population,and we used to consume 40% of the oil produced. Soon most of asia can afford oil too and will bid up the price.
To be realistic, US consumers will probably be priced out of the energy market as the dollar continues to fall. It sounds like the auto companies have recognized the more economical vehicles may be what will be in demand in five to fifteen years.
I don't like it either, but world wide demand is doing the same thing in the grain markets.
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Today's Featured Article - Engine Valves - Some Helpful Information - by Staff. Intake - On the intake stroke the piston moves doward, sucking in carburized fuel through the open intake valve. Exhaust valve is closed. Compression - With both the intake and exhaust valves closed, the pistons upward stroke compresses or squeezes the fuel into the combustion chamber. Firing - Ignited by the spark, the compressed fuel explodes and forces the piston downward on its power stroke. Intake and exhaust valves are closed. Exhaust valves and seats are exp
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