keizer

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    • Mon Oct 29th 05:03 AM | Rating: 0 0
      Commented on:
      Crude Oil Reaches $92
      Global oil demand (source OPEC and IEA web sites)

      2005/2004 +1.4%
      2006/2005 + 1.16%
      2007/2006 +1.6% (and that is assuming according to IEA a whopping +2.8% acceleration of demand in Q4 which considered by many analyst as highly unrealistic)
      One of the two pillars of the peak oil theory story that we are being served “ad nauseam” on cable television is that demand for oil is not “under control”. As you can see from the above figures this is hardly the case. Plus demand for oil is FALLING significantly in Europe, Japan and is now flat in the US . It is also a FACT that prices for crude related products in emerging countries have more to do with politics that with the law of market economy (yes prices are subsidized). Demand for oil is peaking my friend.
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    • Sat Oct 27th 11:13 AM | Rating: 0 0
      Commented on:
      Crude Oil Reaches $92
      The assertion that global demand for oil is "very strong" is just not supported by the data: on average over the past 3 years demand has grown at (a modest) rate close to 1,4%. Mainly because OECD countries have registered six consecutive quarters of negative demand growth. In China and other emerging countries demand for oil derived products is maintained artificially high thanks to prices subsidy. This is clearly not sustainable.
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    • Sat Oct 27th 11:13 AM | Rating: 0 0
      Commented on:
      Crude Oil Reaches $92
      The assertion that global demand for oil is "very strong" is just not supported by the data: on average over the past 3 years demand has grown at (a modest) rate close to 1,4%. Mainly because OECD countries have registered six consecutive quarters of negative demand growth. In China and other emerging countries demand for oil derived products is maintained artificially high thanks to prices subsidy. This is clearly not sustainable.
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    • Fri Oct 19th 13:15 PM | Rating: 0 0
      Commented on:
      Thoughts on Crude Oil's Record High Above $88 Per Barrel
      Crude supplies are flat not so much "because gain in production have failed to realised" but in large part due to weak demand for crude and falling prices in 2006 which led OPEC to take 1,2 mb/d off the market. As a result OPEC spare production capacity has risen and now stand at approximatly 4 mb/d. So much for the "peak oil theorists"
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    • Fri Sep 28th 07:40 AM | Rating: 0 0
      Commented on:
      The Oil Price Denomination Fallacy
      According to the Phil Flynns of the world, and other likeminded oil bulls’ propagandists, record crude oil prices are supported by the evolution of oil market fundamentals. As far as I’m concerned I would be at loss to find what may have so fundamentally changed in the demand/supply equation over the past 12months, to justify
      the whapping +27% increase of WTI price since October 2006. According to the EIA, US crude stocks are essentially flat and if the dollar has gone done against the EURO it is by much less , approximately -11% . At last if demand is growing in some Emerging Markets the rate of growth and weight of EMs are nowhere near to explain the explosion of oil prices we have seen
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