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Politics : The Environmentalist Thread -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (15039)	7/16/2007 1:58:06 PM
From: mistermj	Read Replies (2) \| Respond to of 36917

YOUR own source says we are coming in at 88 M BPD in 2008! Supply will meet demand and things will be more comfortable. ;-) Next year's supply and demand balance should be more comfortable, however, the energy agency said. Oil demand next year is expected to average 88.2 million barrels per day, but the agency cut its estimate for growth this year to 1.53 million after receiving new data for 2006. The report is the second major assessment of the oil market this week from the Paris-based agency. --------------- Meanwhile, the energy agency expects the output of the world's oil-refining network to expand 1.5 million barrels per day next year. Almost half of the growth is expected to occur in China. "Overall, both in terms of spare upstream capacity and refinery flexibility, 2008 looks at this stage to be slightly more comfortable than 2006 and 2007," said the report. thestar.com