AUTOREFRESH 
Chinese oil demand continues to increase
By Sean Lee || January 20, 2011 at 03:44 GMT
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According to Reuters calculations, China’s implied demand for oil in December was up 19% at a record 9.6 million bpd. These figures give truth to the GDP figures which continue to show strong economic growth.
What does all this mean for the oil price and are we soon to hear those two controversial words “peak oil” uttered much more frequently yet again? A quick google brought up this article from someone who seems to know what he’s talking about.
Greens demand general election before end of March
http://www.independent.ie/national-news/greens-demand-general-election-before-end-of-march-2502981.html
Yes I think we are about to hear those words again. Gas is once again over $3.00 a gallon, but people aren’t freaking yet because they got use to it a few years ago. By summer time gas is going to be spiking over $4.00 a gallon on peak speculation. ironically we hit peak oil in 2005-2006. It’s done and past. We are currently riding the peak plateu.
$200 oil (permanent) by Jan 1 2013 is my prediction.
Oil won’t over go higher than that because economies can’t support it. electric cars will come on line more and more which will help drive the cost down…
..but all that is just a preliminary to the real oil shocks that will occur later probably around 2025-2030. Those will be the real deal. Those oil shocks will start effecting everyday life for the entire planet. Fuel for cars will be secondary to fuel for farms and food.
2008 was the warm up. Get ready for a lot of market gyrations and general unease about your world.
I’m not a full on doomer. Humans are really smart and we will survive…it just won’t be all roses for everyone. Take off the blinders and start thinking about what to do is my best advice to anyone reading this.
Cheers