27 Jan '13, 3pm

Oil supply grows, demand falls, price goes up?

Oil supply grows, demand falls, price goes up?

The high price illustrates a brutal truth of today’s interconnected world – oil is a global commodity, bought and sold in a global marketplace. Even while demand falls in the United States, it’s growing in countries such as China and India. And it’s growing fast enough there that booming oil production in the United States can’t keep pace.

Full article: http://peakoil.com/production/oil-supply-grows-but-so-doe...

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