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Drop in Global Oil Demand Remarkable; The canary in the coal mine
Topic Started: 21 Sep 2014, 05:30 AM (1,403 Views)
Gossamer
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44th most prolific poster on APF

Bulls will say it is due to increase efficiencies and more green power being used.

Bears will say it is due to a slow down in economy causing less demand and resulting in less production.

Take you pick.
Common sense is a curse - those who have it need to suffer dealing with those who don't have it.

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Nelson
Black Panther
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miw
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Gossamer
21 Sep 2014, 09:18 PM
Bulls will say it is due to increase efficiencies and more green power being used.

Bears will say it is due to a slow down in economy causing less demand and resulting in less production.

Take you pick.
+1

But I find it hard to see reduction in demand for oil as anything other than a good thing in the longer term.
Edited by miw, 21 Sep 2014, 09:31 PM.
The truth will set you free. But first, it will piss you off.
--Gloria Steinem
AREPS™
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Count du Monet
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Quote:
 
Bears will say it is due to a slow down in economy causing less demand and resulting in less production.


The consumer demand for gold has fallen as well in China. Both = money, therefore a fall in demand for money.

The old fashioned trick was to destroy money when the demand fell. :re:

Of course the ECB peeled back a trillion worth of QE a year ago.
Edited by Count du Monet, 21 Sep 2014, 09:54 PM.
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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Mike
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Gossamer
21 Sep 2014, 09:18 PM
Bulls will say it is due to increase efficiencies and more green power being used.

Bears will say it is due to a slow down in economy causing less demand and resulting in less production.

Take you pick.
Energy efficiency in the US is on a large and sustained upward trend. So while the US produces far more domestic oil it is gaining in efficiency in the use of oil. This creates space on the international market for China and others to import more oil. The overall effect is greater supply despite increasing demand due to US oil production.

The US surpassed Saudi Arabia and Russia to become the largest producer of oil and gas last year.


http://mike-globaleconomy.blogspot.com.au/
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