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February 25, 2013

All Oil Price Forecasts Are Worthless

Steven Hansen, Global Economic Intersection


AP Photo

Recent releases from the International Energy Agency tell of moderating growth rate of the global demand for oil – which was based on lower economic growth projections. And promises of “fracking” to boost oil supply are bouncing around cyberspace. Images of supply and demand curves flash in ones mind. . .

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TAGGED: global oil consumption, oil prices, global oil market, Global Economic Intersection

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