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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (60774)3/7/2005 10:49:08 PM
From: quehubo  Read Replies (2) of 74559
 
In 1997, the Asian financial crisis knocked out 6 million bpd of demand; prices fell by nearly three-quarters as a result.


What a hoot, Free analysis what can one expect. Even the DOE EIA does a better job even though we probably pay too much. Odd that the world did not have a reduction in demand during the 1997 Asian crises. But someone is stating quite a massive decline, maybe if several Asian major cities disappeared then we would have the reduction stated.

eia.doe.gov
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