“Not enough oil is being produced to meet world demand and this has been the case since the middle of 2006.'' – Centre for Global Energy Studies
http://www.bloomberg.com/apps/news?pid=20602099&sid=aI2BEuhvqldA&refer=energy
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Monday, July 21
OPEC Must Increase Output to Reduce Prices, CGES Says
by
Energy Issues
on Mon 21 Jul 2008 01:08 PM CDT
Lehman Lowers Crude Demand Growth Forecast by 47% on U.S. Slump
by
Energy Issues
on Mon 21 Jul 2008 10:31 AM CDT
Fewer miles being driven and more fuel-efficient cars equates to lower demand. Lower prices should follow. http://www.bloomberg.com/apps/news?pid=20602099&sid=a8rmpQwkyINE&refer=energy |
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