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  • The Price of Oil: Weak Demand Trumps Distractions [View article]
    demand destruction?

    see www.eia.doe.gov/emeu/i...

    the latest global demand number for Q3 2008 is 84.73 mbd

    down from the annual average of 85.90 mbd in 2007
    a decrease of .77% from the 2007 average

    not much demand destruction yet - maybe it all happened in Q4

    but it seems that everyday I read about another oil project or expansion being delayed
    Jan 13 14:18 pm |Rating: +1 0 |Link to Comment
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