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Thread: How long will the oil price last?

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[quote=ERENCIUS,248102]Quote: "Except those factories, those rich people consume the large part of the oil. The subsidy from the government is almost spent on them."
Well to stop this I guess we shall stop making the appology of the mass consumption society... Once someone reaches the top of the Economic sphere, he has to appear rich, espacially in China where the concept of face is really important. You need to show so you buy what is expensive, you do not pay attention to the consumption of your vehicule (Hummers, Limo, ATVs...). But Westerners are favourising this way of life, this is the basic principle of marketing: the differentiation of industrial products. You are what you wear, what you drive, what you smell.
This is the counterpart of the Economic development through capitalism: it puts the individuals forward with his needs (prefering to use his personal car rather than buses or subway). In some countries we even noticed that the only persons using public transports were people who couldnt afford buying a car, or whose driving lincence has been taken.

The issue that would raise from an increase of the oil's price would be a general increase on inflation since we use oil everywhere: to make all the plastic, as fuel to produce electricity but also as a combustible creating energy for transports but not only...
We know that to replace some kind of plastics we can use corn (pencils for instance), there are many ways to produce electricity but none is as powerful as nuclear (but it is also polluting and for a really long time) and as a combustible the hydrogen engine was invented in the 1950s but the patent was immediatly bought by oil companies to stifle competition. Now they are saying that they will do everything to restructure their activities but the keyword to understand this behaviour is just profit (same scenario for LCD screens and cathode-ray tube: first we sell off the stocks then we produce what we discovered 30 years ago).
In the case of China, as the inflation rate as never been so high, I don t think they ll fully implement this kind of policy. Environement is a major issue, but for a State the most important is the economic viability of the measure.[/quote]

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