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Commodities Briefing - Categorized | Market Pulse, Oil more

Wait, we need MORE oil? What happened?

Posted on 29 January 2014

You know who has had a pretty frustrating job lately? People who make projections for oil demand and supplies. Just when we thought that the U.S. was on track to steadily decrease its total oil consumption, recent data from the International Energy Agency basically threw that projection into the rubbish.
So what exactly does this mean for the U.S.? Are we headed back to our gas-guzzling ways, or is this just one of those statistical aberrations that happen from time to time? Let’s take a look at the numbers and see what it could mean………………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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