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Non-Tech : Alternative energy -- Ignore unavailable to you. Want to Upgrade?

To: gg cox who wrote (3922)	9/14/2007 11:45:21 PM
From: Rock_nj	Read Replies (1) \| Respond to of 16955

Oil Ready To Spike Higher? In its latest Oil Market Report, released on Wednesday this week, the IEA reduced its global oil product demand forecast to 85.9 million b/d in 2007 (+1.7% over 2006) and 88 million b/d in 2008 (+2.4%). In the meantime, world oil supply fell by 430,000 b/d to 84.6 million b/d in August and the IEA said project delays and extended field outages presented risks to 2008's supply growth. busrep.co.za ----------- Hmmm.... So the world demands 85.9 million b/d of oil in 2007 and world oil supply fell by 430,000 b/d to 84.6 million b/d in August 2007. That means we're 1.3 million b/d short of oil right now! How can the price of oil do anything but move higher with such an imbalance?