[dgallo51]

How much demand for oil will there be IF the U.S. consumer slams their wallets in reaction for energy shock? China's social stability is on the razor's edge as it is…if there's a major worldwide recession, the CCP could be experiencing New Orleans style chaos X a billion…if prices choke off demand in the U.S., the entire global community will contract and oil prices will plummet…but even if oil drops like a levee sandbag, that still will not address our lack of refining capacity. Uncertainty over oil prices will keep investments in infrastructure in abeyance until the crystal ball clears.

[thackney]

How much demand for oil will there be IF the U.S. consumer slams their wallets in reaction for energy shock?

When I start seeing Starbucks hurting because people won't pay $4 for a fancy coffee, or when they stop buying $2000 TV's, I will be more convinced there is a problem than just a bunch of complain that the average cost per mile has risen by 10~20%.