February 25, 2013
All Oil Price Forecasts Are Worthless
Steven Hansen, Global Economic Intersection
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. . .
TAGGED: global oil consumption, oil prices, global oil market, Global Economic Intersection