Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
How long before fuel rationing hits in Europe and the U.S.?

Given the lack of refinery capacity, the instability risk in the M.E., ongoing demand growth from East Asia, the "inelastic" demand curve (hah!), and our respectively disfunctional political systems, it sure seems like we will all run into retail shortfalls within a few years at most.

My bet is rationing in the U.S. in three years.

by asdf on Wed Jun 18th, 2008 at 06:47:12 PM EST
How would the next president bring that in without guaranteeing a win for the opposing party?

Any idiot can face a crisis - it's day to day living that wears you out.
by ceebs (ceebs (at) eurotrib (dot) com) on Wed Jun 18th, 2008 at 07:12:06 PM EST
[ Parent ]
If option A. is that only the rich people have gas, and option B. is that everybody has a small amount, I think that even in the U.S. option B. would eventually win out...
by asdf on Wed Jun 18th, 2008 at 10:30:26 PM EST
[ Parent ]
then again maybe not. in america about 70% of the population thinks its only a matter of working 100 or more hours a week and in a decade they will be rich too. they are so brainwashed by the right wing they dont even know what is in their own interest anymore

Life is not a dress rehearsal
by johnfire (johnfire@christopherrehm.com) on Thu Jun 19th, 2008 at 05:44:27 PM EST
[ Parent ]


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