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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Kayaker	9/13/2011 9:33:42 AM
	of 206085

IEA starting to get a clue (but forecasts are still way too high imho) Global oil demand is revised down by 0.2 mb/d for 2011 and by 0.4 mb/d for 2012 on lower non-OECD readings and reduced economic growth expectations. Global GDP growth is now seen at 3.9% in 2011 and at 4.2% in 2012 with significant downside risks. Demand estimates now stand at 89.3 mb/d in 2011 (+1.0 mb/d y-o-y) and 90.7 mb/d in 2012 (+1.4 mb/d y-o-y). Highlights of the latest OMR dated: 13 September 2011 omrpublic.iea.org

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