"what if supply really is a long way of meeting demand?"
Hi mwatts,
If the mess in Nigeria & Israel/Iran can be sorted out that will take the geopolitical part out of the oil bubble IMO.
I would hope that the figure $US150 would provide a stumbling block to the rise as well.
This report here on China's short term demand may be of interest. Some reasons given include the recent earthquake, pollution reduction & the building up of a stockpile - it finishes..." Lehman expects a post-Olympic slump in China's oil use."
Regards
Chalea
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