Oil Demand versus Capacity

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

Category: Commodities

More Ugly Action sets up next Pop & Drop

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China Syndrome?

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All about Oil

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Media Appearance: Kudlow & Company (04/26/05)

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