Is India's growing population and $1000 new cars to blame for the run-up in oil prices?

It seems something is going on here in terms of supply and demand. Is it time to assign some blame here?Is India's growing population and $1000 new cars to blame for the run-up in oil prices?
There is no current rationale for oil not to be at 55 dollars. Speculators are fueling this ridculous bubble. The only benefit is it forces the US to get serious about alternatives.





Reasons for the rampant speculation, 1-oil production has peaked. Good reason to be suspicious of oil reserves that have not changed in 20 years, they should decrease a bit you would think. 2-prediction of 100 of millions of new cars in Asia.Is India's growing population and $1000 new cars to blame for the run-up in oil prices?
India's fast growing economy has caused the emergency of a more middle class who are demanding for more products,so yes since cars run by oil we can say its one of the reasons for run up of oil prices.But its also importants to note there are a number of other factors causing high oil prices forexample growth of corn for manufacture of biofuels instead utilising it as a source of food,China's population growth to mention but a few.For more information contact


http://greenearth-andreblogger.blogspot.com/
I love the idea of these cheap Indian cars. Yes it does mean that they will cause the price of oil to rise but it also means that


thousands of Indians will enjoy the pleasure of owning a car,


before the rising price of petrol brings the entire thing to a halt.


Assign blame to every person who owns a car for denying this


experience to his grandchildren.


I think it is a gas that petrol driven cars have such a limited life.


The Future is - either walk to work or be unemployed for life!
That, and also in China and several south American countries.
cheapskates can manage money better than you rich crybaby brat