The Status of Oil - Part 2: Supply and Demand

[Estevez123321]

The biggest demand problem comes from China, and India. They haven't yet been hit hard by the increases in prices due to the fact that the their gov. subsides. I think that they will have to drop subsides for us to see demand really take a hit. Thanks for the video!

[econoutlook]

I'm glad you enjoyed it! You make a really good point about the issue of government subsidies. They are helping to insulate consumers and industry from bearing the full load of the price increases, and that's holding demand steady. Hopefully I can get to this in the "future of oil" videos I'm working on.