OK - this is something that should not be missed. Demand for oil is expected to increase next year in spite of small decreases in demand in the developed world. Two questions - where is this additional production expected to come from (this production level has never been met in the past - even at $140/bbl)? What does this mean in terms of economic and political stability (the US economy is in no shape to handle higher oil prices and China's influence is surging).
2011 sounds like a very interesting year......
CBC News - Money - 2011 oil demand expected to increase
Tuesday, July 13, 2010
Subscribe to:
Posts (Atom)
