Not Logged In Log In   Sign Up   Points Leaders
Follow Us    3:08 AM

Message Forum - Read Message

Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil Supply Is Rising, but Demand Keeps Pace and Then Some Back to Topics
xgojim
Champion Author
Michigan

Posts:2,110
Points:1,164,240
Joined:Mar 2011
Message Posted: Nov 24, 2012 9:11:04 AM

IT used to be taken for granted that as economies grew, they would use more oil. That was a major reason cited in warnings that the world would run out of oil, particularly if standards of living rose in developing countries. Well, standards of living are improving in developing countries, but the dire forecasts now appear to be wrong. In part that is because new discoveries and improving technologies have increased the amount of oil that can be produced. It also reflects conservation, in part, as cars become more efficient and as other steps are taken to reduce oil use. The International Energy Agency, in its 2012 World Energy Outlook forecast that American oil production, which began to rise in 2009 after decades of decline, would continue rising through at least 2020.
Visit NY Times for full article
REPLIES (newest first) Post a Reply
sjf238
Champion Author Philadelphia

Posts:1,215
Points:650,655
Joined:Mar 2011
Message Posted: Nov 26, 2012 8:45:25 AM

Ok.
remay
Champion Author Houston

Posts:10,006
Points:2,887,365
Joined:May 2006
Message Posted: Nov 25, 2012 9:16:15 AM

What a sad way of titling the article..
Luckylindy
Champion Author Milwaukee

Posts:7,469
Points:1,875,075
Joined:May 2008
Message Posted: Nov 25, 2012 5:31:57 AM

A tanking economy will cure that.
Ticoman54
Champion Author Miami

Posts:8,103
Points:1,790,075
Joined:Oct 2008
Message Posted: Nov 25, 2012 5:14:14 AM

Propaganda for higher prices...
jwkycola
Champion Author Columbia

Posts:1,119
Points:1,129,355
Joined:Jul 2011
Message Posted: Nov 25, 2012 1:44:58 AM

Yeah. Nothing new.
quasar502
Champion Author Lansing

Posts:6,624
Points:1,553,730
Joined:Jan 2011
Message Posted: Nov 25, 2012 12:44:40 AM

There are more reserves now than ever before.
JohnofGB
Champion Author Flint

Posts:8,669
Points:1,873,795
Joined:Feb 2010
Message Posted: Nov 25, 2012 12:24:38 AM

Yeah, and if it did not, they would raise the price anyway.
LostInNY
Champion Author New York

Posts:4,855
Points:1,421,635
Joined:Apr 2011
Message Posted: Nov 25, 2012 12:19:33 AM

No surprise
investmentdr
Champion Author Cleveland

Posts:6,613
Points:2,190,375
Joined:Sep 2008
Message Posted: Nov 25, 2012 12:16:43 AM

supply and demand is an interesting concept
evowner
Champion Author Salem

Posts:5,805
Points:1,131,715
Joined:May 2012
Message Posted: Nov 24, 2012 10:20:26 PM

Energy conservation should not be confused with energy efficiency. efficiency is the goal along with an unlimited energy supply.
BlueberryFocus
All-Star Author Rochester

Posts:580
Points:188,375
Joined:Feb 2012
Message Posted: Nov 24, 2012 8:23:07 PM

The best solution to all of our energy woes is to simply conserve what we have. While it can be argued we could have been achieving 40, 50+ mpg years ago, we didn't, but it's good we're working on getting there now. I like that people are starting to realize this and are becoming more environmentally aware.
07skydriver
Champion Author Ohio

Posts:6,051
Points:1,714,705
Joined:Feb 2009
Message Posted: Nov 24, 2012 7:17:27 PM

Just stay home.
ktbaeohana
Champion Author Las Vegas

Posts:5,081
Points:1,153,185
Joined:Mar 2010
Message Posted: Nov 24, 2012 7:10:51 PM

watch and see.
investmentdr
Champion Author Cleveland

Posts:6,613
Points:2,190,375
Joined:Sep 2008
Message Posted: Nov 24, 2012 6:07:43 PM

Supply and demand
dh0770
Champion Author Colorado

Posts:6,987
Points:675,810
Joined:Jun 2011
Message Posted: Nov 24, 2012 5:44:07 PM

Lies!!!
BUSMAN1105
Champion Author Atlanta

Posts:4,216
Points:1,875,710
Joined:Aug 2008
Message Posted: Nov 24, 2012 1:38:29 PM

BUT DEMAND IS DOWN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
amerk73
Champion Author Dallas

Posts:10,264
Points:2,401,120
Joined:Oct 2008
Message Posted: Nov 24, 2012 12:50:09 PM

price want up
Ply440GTX
Champion Author Kansas

Posts:1,825
Points:454,995
Joined:Feb 2009
Message Posted: Nov 24, 2012 12:31:42 PM

I find that the demand "keeping pace" hard to believe...
djwhit
Champion Author Ohio

Posts:5,956
Points:1,972,505
Joined:Jul 2009
Message Posted: Nov 24, 2012 12:08:48 PM

THINGS HAPPEN........
Wally3023
Champion Author Pennsylvania

Posts:4,781
Points:1,250,105
Joined:Sep 2011
Message Posted: Nov 24, 2012 11:51:15 AM

That needs to change
humblepie
Champion Author Toledo

Posts:63,936
Points:3,154,820
Joined:Mar 2006
Message Posted: Nov 24, 2012 11:49:59 AM

pump prices here soaring
tnfran
Champion Author Arizona

Posts:7,551
Points:1,604,115
Joined:Dec 2010
Message Posted: Nov 24, 2012 11:37:08 AM

It still needs repeating : Lower the oil prices here and the economy will pick up. Its kinda like trying to run a vehicle on gas/diesel but instead of giving it what it needs to run effectively & efficiently starving it hoping it will continue to run as it did with the right amount. IF gas/diesel prices dropped at least $1 a gal people would have more $$$ to buy other things thereby improving the ailing economy.
barber7796
Veteran Author Oklahoma

Posts:426
Points:444,410
Joined:May 2012
Message Posted: Nov 24, 2012 11:36:50 AM

there has been talk of running out of oil for years. 2035? will not bother me. Things will change more from now till then than has changed since the beginning of time.

Man Kind will surive
04LTC
Veteran Author Massachusetts

Posts:316
Points:635,770
Joined:Sep 2012
Message Posted: Nov 24, 2012 11:33:11 AM

Price has only dropped .10 in 2 weeks around here....we need an alternate.
Pramodsharma
Champion Author Richmond

Posts:5,118
Points:1,146,220
Joined:Feb 2012
Message Posted: Nov 24, 2012 11:22:44 AM

Alternate to oil is needed, we heard a lot of oil stock limitation, they are changing their stand now, where are they? ( who said oil will last another 25 -30 years and raised gas prices)
Discovery02
Champion Author Colorado Springs

Posts:8,645
Points:1,059,595
Joined:May 2012
Message Posted: Nov 24, 2012 11:22:30 AM

While we must continue down our road to energy efficiency and independence, we must recognize that other countries will go down their own path at their own speed. Germany is arguably further down the road than we are but rather than hold them back we should speed up our own progress.
molebaby96
Champion Author Tallahassee

Posts:3,466
Points:1,201,405
Joined:Nov 2011
Message Posted: Nov 24, 2012 11:09:15 AM

Price at the pump needs to drop.
bruin19MD
Champion Author Maryland

Posts:1,140
Points:181,505
Joined:Feb 2011
Message Posted: Nov 24, 2012 11:01:22 AM

Great article, thanks for posting.
ObieDog
Champion Author Maryland

Posts:4,896
Points:1,616,465
Joined:Sep 2010
Message Posted: Nov 24, 2012 10:55:47 AM

Up down up down.
200porter
Champion Author Toronto

Posts:5,267
Points:1,321,685
Joined:Sep 2011
Message Posted: Nov 24, 2012 10:40:00 AM

I hope this means prices will be dropping .
fjkcpa
Champion Author Houston

Posts:9,347
Points:1,381,645
Joined:Nov 2005
Message Posted: Nov 24, 2012 10:38:08 AM

Can this be?????
Melinda205
Champion Author Alabama

Posts:2,739
Points:537,915
Joined:May 2012
Message Posted: Nov 24, 2012 10:19:28 AM

Okay
swepson
Champion Author Greensboro

Posts:9,148
Points:2,291,360
Joined:Jul 2008
Message Posted: Nov 24, 2012 9:56:26 AM

The more we get, the more we'll waste.
Juicy1177
Veteran Author Gary

Posts:336
Points:149,550
Joined:Feb 2012
Message Posted: Nov 24, 2012 9:48:58 AM

ok
kyjlh
Champion Author Kentucky

Posts:3,776
Points:1,100,650
Joined:Feb 2005
Message Posted: Nov 24, 2012 9:39:23 AM

More gas but still high prices, can't win
gfox4810
Champion Author Kalamazoo

Posts:3,131
Points:1,108,775
Joined:Jul 2011
Message Posted: Nov 24, 2012 9:38:23 AM

good
merlinCO
Champion Author Colorado

Posts:4,894
Points:1,115,160
Joined:Mar 2012
Message Posted: Nov 24, 2012 9:33:37 AM

Keep the alternative fuels coming!!
xgojim
Champion Author Michigan

Posts:2,110
Points:1,164,240
Joined:Mar 2011
Message Posted: Nov 24, 2012 9:24:38 AM

What great news! Damn the forecasters... negative forecasts feed the media and inflame the unknowing public.
Post a reply Back to Topics