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Thread: Golbal Oil supplies out pacing demand

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    Bronze mtnDew's Avatar
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    Golbal Oil supplies out pacing demand

    Global oil demand is forecast at 89.9 mb/d for 2012, a rise of 0.8 mb/d (0.9%) versus 2011.

    Global oil supply increased by 0.6 mb/d to 91.0 mb/d in April, 3.9 mb/d above last year.

    Demand

    http://omrpublic.iea.org/demandarchr...Submit2=Submit

    Supply

    http://omrpublic.iea.org/supplyarchr...&Submit=Submit

    yay cheaper gas.

    Should effect Canadian dollar negatively.

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    Canadrunk limitles's Avatar
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    no one cares..........end of story...just pony up for the price at the pump and drill your girlfriend until

    the fireball that is mars destroys the earth.

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    Bronze mtnDew's Avatar
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    or just steal it

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    Platinum DirtyB's Avatar
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    Quote Originally Posted by mtnDew View Post
    Global oil demand is forecast at 89.9 mb/d for 2012, a rise of 0.8 mb/d (0.9%) versus 2011.

    Global oil supply increased by 0.6 mb/d to 91.0 mb/d in April, 3.9 mb/d above last year.

    Demand

    http://omrpublic.iea.org/demandarchr...Submit2=Submit

    Supply

    http://omrpublic.iea.org/supplyarchr...&Submit=Submit

    yay cheaper gas.

    Should effect Canadian dollar negatively.
    A big factor in those lower demand forecasts is that China is backing away from the huge infrastructure projects that have been driving their massive GDP growth-and consuming a shit ton of petroleum.

    Western companies will have to sell products to Chinese consumers directly. It will be quite a challenge.

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