richandmer

Perfect Oil Storm Brewing in the U.S.

Eric, I understand the logic of your article, but have to wonder how low demand will drop before it stabilizes and then starts its journey ever higher?

I have heard that demand is 87m barrels vs 85m in supply. Can you give me an estimation of where you see demand in barrels going to in short and medium term?

Is Oil Bubbling Over?

I don't know about you, but I am upset at the U.S. automakers for not being prepared for high fuel prices and the demand for high mileage vehicles. If they had a line of high mileage vehicles and cars like the toyota prius, it could be the start to getting us out of this poor economy we are going thru.

They have had years to get ready, but for some reason, they have been focused on SUV, etc, rather than preparing for what people are going to need in the future.

I look at Toyota, Honda, Nissan and they are really getting their act together and we can't even copy what they are doing. I am Mad!