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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (65613)5/17/2007 6:26:24 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 116555
 
Actually, demand has exactly equalled supply for the last 500 years....<G>

BTW, here's an article on US military fuel consumption. It's about 320,000 BPD. About 0.4% of the world's total (and down since 2003):

energybulletin.net



To: Elroy Jetson who wrote (65613)5/17/2007 9:43:38 PM
From: TimbaBear  Respond to of 116555
 
Of course you heard that oil demand is outstripping supply.

That's why the price of crude oil has been declining while the price of refined products have been rising.

Oh, my mistake, I didn't realize the price of crude now was lower than it was in the 1940s.

Stop and think about that.

No matter what your impression of yourself might be, you are not the only one who knows how to think. Nor is your considered opinion the only possible derivation.


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