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Oil Demand versus Capacity
Posted By Barry Ritholtz On April 27, 2005 @ 11:45 am In Commodities | Comments Disabled
Our Petroleum Wednesday continues, with EIA ’s latest monthly forecast, which was prepared before the recent drop in the near-month futures price to just above $50 per barrel, projected WTI prices to stay above $50 per barrel and the U.S. average retail price for regular gasoline to remain above $2 per gallon on a monthly basis through 2006.
click for larger chart
The key to this is the expected ramp up in China’s demand for Oil. (More on this later).
This Week In Petroleum 
EIA Home > Petroleum > This Week In Petroleum
April 20, 2005
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URL to article: http://www.ritholtz.com/blog/2005/04/oil-demand-versus-capacity/
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 EIA: http://www.eia.doe.gov/
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