Saturday, April 18, 2009
Matthew Simmons - March 2009
Matthew Simmons discusses the current price of oil. He points the disconnect between "paper barrels" (financial trading) vs. "wet barrels".
Between 1998 and 2008, global oil demand increased by 12.6MMBD while crude oil production went up only 7.5MMBLD (the difference was picked by NGL's, refinery gains, synthetic crude and crude inventory liquidations)
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1 comment:
"people need to learn how to stay at home"...
I think the better alternatives are mass public transportation and live closer to where you work.
Again, great find Alfonso.
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