Oil has been driving the high price of fuel although you may not know this by watching network news.[1] Most people tend to only consider the high price of gasoline and release that using less for a supply and demand effect is nearly impossible without permanent changes in how we do things. Plastics, Synthetic rubber, Jet Fuel (high grade diesel), Plexiglas, are all made out of Oil.[2] This post documents Goodyear now using natural rubber rather than synthetic rubber. Free market forces are at work which reduce the demand for Oil. We are talking about a global market, Australians - 1 million tonnes of plastic materials - A new Australian venture is producing affordable biodegradable plastics that might change all that.
Threesources: Get ready for the oil price drop points out the largest demand for Oil is industry and across the globe industry has not increased.
[1] Media ignore OPEC’s control of oil market when covering America’s pain at the pump. From Jeremiah Films Blog Scan on the Media. The system is currently only running in beta mode.
[2] The Naked Scientist on PLA, PHB and PA 11 Bioplastics
Related Blogsphere
blogs.wsj.com Time to Short Oil
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