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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (36580)	5/31/2000 9:52:00 AM
From: flatsville	Read Replies (1) of 42523

heinz-- "KUWAIT CITY (May 23) XINHUA-The Organization of Arab Petroleum Exporting Countries (OAPEC) on Tuesday predicted the world oil demand will reach 77 million barrels per day (ppd) by the end of this year, up by 1.7 million ppd from last year's 75.3 million ppd. But even with an increase of 2.2 million ppd from the 1999 level, the world will only be able to supply 76.2 million ppd by the yearend, the OAPEC said in its monthly newsletter." This is significant. What this means is that world demand will excced supply by about 800,000 ppd, assuming an additional 2.2 million ppd actually does come to market. Oil from non-OPEC countries, such as from North Sea wells, is peaking and will start declining, leaving the remaining middle eastern sources as becoming relatively more important. Note the the title, Organization of ARAB Petroluem Exporting countries. When they achieve 30% of market share, their ability to rise prices will strengthen." pub3.ezboard.com (and read the next post re: Heating Oil)

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