[Peakoil] Demand for oil to grow 'for decades'

[Keith Thomas]

Good grief! Here we have Exxon/Mobil quoting Cambridge Energy Resource Associates to justify their predictions. Watch: in a few weeks, CERA will be quoting the Exxon/Mobil forecast to justify their predictions. Isn't there just a whiff of self-serving spin in this?

Of course "demand" will increase. Potential supply may also increase, but there's no mention of whether the price "demanders" are prepared to pay matches the price "suppliers" are prepared to sell at.
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Keith Thomas
keith at evfit.com
www.evfit.com
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On 27/02/2012, at 1:48 PM, Jenny Goldie wrote:

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Note at the end of the article they're claiming there's 5 trillion barrels of recoverable oil, not the two or so we've been led to believe. Jenny


Demand for oil to grow 'for decades'
THE world's biggest oil company says the next 30 years are looking good for oil and gas suppliers and consumers. 
http://www.theaustralian.com.au/business/mining-energy/demand-for-oil-and-gas-to-grow-for-decades/story-e6frg9df-1226282028134