One of the things that is working against a correction in the price of oil is that the current global deman level is getting very close to the current global production level......the capitalist system will keep oil prices high as long as this is the situation.
W.
EDIT: Addition of back up data.
Demand factor for oil of about 87 million barrels per day in 2006 and a supply of about 85 million barrels. The only way to get these two numbers to move to the same point is to let prices rise. A price rise will reduce demand and cause suppliers to produce more product.
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William Rouleau
Project PonySnake
Last edited by 67Sally; 09-08-2005 at 06:52 PM.
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