Wednesday, February 08, 2006

Exxon Warns Us, We Will Always Need Oil From Other Nations, China Warns They Want 50% Car Ownership


By Elaine Meinel Supkis
Exxon mulitbillionaire executives tell us we will always have to import oil. Of course, if we all drive SUVs! Meanwhile, China sets a goal of 50% car ownership by 2050. This means, if the population stays relative to the USA, they will own many more cars than we since there are four times more Chinese than Americans. This process will accelate the effects of the Hubbert Oil Peak by many magnitudes.
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