DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - How will the low economy and rise of asians affect the western society?

**Illirmpipse** · 07-16-2012, 05:02 AM

Johny and imagine China rises to the level of Northern Europe/US etc, (unlikely but imagine), what do you think is going to happen to the oil and other commodity prices should every Chinese own a car and have a high level of consumption ?

Most likely rise. At some point the market will want to find and use new sources of energy, such as solar or nuclear power. The more this happens, the more will be invested. The more is invested, the cheaper it will be, until we stop using oil and start using solar power on a wide scale, potentially at a much cheaper price than oil is now.

Oil is terribly inefficient really. But they have governments in their pocket.

Of course it is possible that China will spend a lot of money on finding and extracting more oil in which case it may remain fairly stable.

07-16-2012, 05:02 AM	#11
Illirmpipse Join Date Oct 2005 Posts 427 Senior Member	Johny and imagine China rises to the level of Northern Europe/US etc, (unlikely but imagine), what do you think is going to happen to the oil and other commodity prices should every Chinese own a car and have a high level of consumption ? Most likely rise. At some point the market will want to find and use new sources of energy, such as solar or nuclear power. The more this happens, the more will be invested. The more is invested, the cheaper it will be, until we stop using oil and start using solar power on a wide scale, potentially at a much cheaper price than oil is now. Oil is terribly inefficient really. But they have governments in their pocket. Of course it is possible that China will spend a lot of money on finding and extracting more oil in which case it may remain fairly stable.
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