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To: Wharf Rat who wrote (17308)4/25/2010 2:44:02 PM
From: RetiredNow  Respond to of 42652
 
Ouch.



To: Wharf Rat who wrote (17308)4/25/2010 6:57:46 PM
From: TimF  Respond to of 42652
 
OT

In addition to predictions of future production being rather problematic, graphic future demand in terms of barrels doesn't make much sense. Not only because changes in the economy or in energy supply could change demand, but also because demand drops with increases in price. Even in the short term you have X demand at Y price, and X2 demand at Z price, not simply X demand. Over a longer term demand becomes more elastic based on price, and other factors outside of price have more time to change.