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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.44+0.6%Dec 12 4:00 PM EST

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To: Elroy Jetson who wrote (1272)10/21/2005 11:11:03 AM
From: Wharf Rat  Read Replies (2) of 218483
 
"Supply of refined product is somewhat tight right now because of the enormous demand caused by the wars in Iraq and Afghanistan, but this problem is temporary and will diminish when Bush leaves office so the war in Iraq without a purpose can end."
Uh, uh; supply of refined product is tight because of increased energy demands from China and India. We are at the point where demand is outstripping supply. Get used to it.
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Interesting table @ link....from Oil and Gas Journal,3/0-5, before KatrinaRita...Projected supply, '05, 82.013 M BPD, demand 84.159=MBPD, deficit 2.137 M BPD...it's here now.
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Oil Peak Projection and Assumptions
Kenneth J. Gerbino
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Kenneth J. Gerbino & Company
Oct 12, 2005

Message 21793168

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