"what if supply really is a long way of meeting demand?"Hi...

"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