Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: DavidG who wrote (30870)	10/19/1998 12:25:00 PM
From: Gameboy	Read Replies (1) of 95453

I always wonder if the weekly Noesis report tends to knock back the price of oil. This week they came out with the pronouncement The world demand for crude oil is about 67 million barrels per day. oil-gasoline.com Noesis refers constantly to the EIA published data, however, the EIA just published this October worldwide supply/demand data eia.doe.gov that shows that current 4th qtr 1998 worldwide demand for crude is 76.5 mb/d and is headed for 78.3 mb/d a year from now in the 4th qtr 1999. Is Noesis saying that the EIA is full of baloney? The resources of the US govt are behind the EIA, how does Noesis support its data (other than drawing on data supplied by the EIA)? Best of luck, Steve

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