It's a gas gas gas

An exploration of record U.S. gas prices


Andrew Leonard
May 29, 2008 5:55PM (UTC)

My sparse blogging this week is partially explained by my Salon feature published today, "Why is gas so expensive?"

I am accused by commenters of being too easy on the oil companies and not paying enough attention to the falling value of the dollar -- both of which are reasonable criticisms.

Advertisement:

But I'd like to add one note, in response to a reader who criticized me for calling China's appetite for oil "bottomless." Yes, the U.S. still dwarfs China, in terms of absolute consumption of oil, but the relevant metric is this: demand for oil is dropping in the U.S. In China, it is rising at a growth rate that beggars description, when extrapolated over just a few more decades. But I still think, just as high prices are changing behavior in the U.S., so too will they eventually affect Chinese consumption patterns.


Andrew Leonard

Andrew Leonard is a staff writer at Salon. On Twitter, @koxinga21.

MORE FROM Andrew LeonardFOLLOW koxinga21LIKE Andrew Leonard

Related Topics ------------------------------------------

Globalization How The World Works

BROWSE SALON.COM
COMPLETELY AD FREE,
FOR THE NEXT HOUR

Read Now, Pay Later - no upfront
registration for 1-Hour Access

Click Here
7-Day Access and Monthly
Subscriptions also available
No tracking or personal data collection
beyond name and email address

•••


Fearless journalism
in your inbox every day

Sign up for our free newsletter

• • •