Wednesday, June 04, 2008 1:34:38 AM
<font color=GREEN>OM, excellent post with a lot of good statistic,
In 2008 China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day this year, an increase of 4.4 percent over year earlier levels, according to the International Energy Agency. U.S. demand will contract 2 percent to 20.38 million barrels daily, the IEA forecast.
did you notice how much US consume compared with other countries?
even combined China, India, Russia and the Middle East consumption increase is 4%, US down 2%, which mean total consumption increase among these countries is only 1%,
1% consumption increase yield 100% price increase, that is amazing jump
My posting is for my own entertainment, do your own DD before pushing your buy/call button
In 2008 China, India, Russia and the Middle East for the first time will consume more crude oil than the U.S., burning 20.67 million barrels a day this year, an increase of 4.4 percent over year earlier levels, according to the International Energy Agency. U.S. demand will contract 2 percent to 20.38 million barrels daily, the IEA forecast.
did you notice how much US consume compared with other countries?
even combined China, India, Russia and the Middle East consumption increase is 4%, US down 2%, which mean total consumption increase among these countries is only 1%,
1% consumption increase yield 100% price increase, that is amazing jump
My posting is for my own entertainment, do your own DD before pushing your buy/call button
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