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

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