> [Original Message] > > Subject: Oil and gasoline facts, figures, and graphs > > Hi Tony, > > For the numeracy freaks out there, there's lots of interesting > numerical data and graphs in this recent document: > > http://www.energytomorrow.org/energy_issues/truth_about_oil_gasoline_primer. pdf > > The EIA price projections on page 6 are footnoted with a statement > that "some easing of the oil market by 2009 is expected due to > increased production outside of OPEC and planned additions to OPEC > capacity." Their prediction is that WTI crude will drop back to > $92.50 next year. Sceptics in the audience will wonder whether and to > what extent the folks at EIA have taken into account the ongoing > trend of a robust increase in demand and whether it might overwhelm > any increase in extraction capacity. I've polled friends here about > whether they might have some ideas about this. > > For some time now I've been curious to what extent the recent rise in > oil price, commonly stated in $/bbl, is attributable to the weakening > of the dollar compared to other currencies, in addition to > fundamental factors of supply and demand. Finally I have found charts > (see page 8 of the report) that show the > recent historical trend of oil price in dollars vs euros and yen. > When expressed in euros or yen, the price of crude is still rising > fast, but at only about 70% of the rate of the price increase in dollars. > > Piper
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