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To: RealMuLan who wrote (23642)2/15/2005 8:04:04 PM
From: RealMuLan  Respond to of 116555
 
Oil Demand can Exceed Oil Supply in 2005
(by Peter Van Bruggen)
Tuesday February 15, 06:48

At the beginning of this year OPEC oil demand can exceed the supply for the first time during the last two years, the International Energy Agency said.

IEA asks the OPEC to stop cutting down oil output, and the markets pushed the world oil prices higher in reaction to the IEA forecast.

Yesterday the IEA, representing 26 oil consuming nations, published its monthly report on the world oil market. According to the report the oil output of 11 OPEC countries came to 28.75 million barrels a day in January, which is 770,000 barrels a day less than in December. As a result, global oil supply dropped by 645,000 barrels a day in January 2005 compared to December 2004.

It is the IEA’s opinion that it caused serious disbalance between demand and supply in the world market. The International Energy Agency raised its forecast for oil demand in 2005 to 1.5 million barrels a day in comparison with last year a 1,8% increase, 84 million barrels a day.

At the last meeting in January OPEC retained a quota of 27 million barrels a day unchanged but agreed to reduce the oil output as necessary till next summit in March 16 in Iran. The IEA calls on the OPEC not to use this possibility.

Oil consumers states can’t count on such oil producing countries as Russia that might experience a sharp slowdown in the growth of oil production because of adverse investment conditions, and Norway.

financegates.com



To: RealMuLan who wrote (23642)2/15/2005 11:17:56 PM
From: Amy J  Read Replies (1) | Respond to of 116555
 
Yiwu, The link didn't work.

Thanks for the info re: salmon.

Farm salmon is to be avoided, for sure. Local wild salmon are suspect as well. Alaska wild salmon is the best in terms of health. EPA is so much better than FDA.

Wild salmon is out of season, during the Winter season. Anyone that buys salmon will most likely notice you won't find "Wild Salmon" anymore but only "Salmon" (which means it's farm salmon.) There's still some wild salmon coming from Alaska during the off season, but not every store has it, not even organic stores. Albertson, Safeway and Costco don't sell it.

My other favorites are halibut and cod.

Regards, Amy J