International Economic Association predicts economic growth

[suissy]

Experts from International Economic Association assert that oil demand would begin to rise starting from the middle of year 2009, when growth rate is going to be up to 1 mln barrels a day. The growth of demand is explained by growth of economy which is will be slowly but steadily recovering from the crisis first of all thanks to nowadays low oil prices. However, with the assumption that the OPEC has been cutting down quotas, it is easy to guess that very soon there will be oil shortage, which is not so easy to relieve. It is true that crude oil production is like a huge flywheel rotation. It is not easy to spin it down, but when it gets slowed down – it is terribly hard to make it running up. As a result of shortage, many consuming countries will be readily paying twice or even thrice as much as current oil cost with the only reason to feed the recovering economy. In case they fail to do that, the economic crisis will be aggravated! I think it would be wise to make oil reserves for that case. Indeed, investing in oil must be the most profitable way of investment!

 

[theTANTALIZER]

Refineries have begun their shutdown for maintenance a few months early. That always raises prices at the pump. Now, if we have the same excuse being given in May for another round of price increases, we'll be Remember that "summer gas" is coming to most states late spring as required by law, and that will be another 10 cents plus at the pump.

Experts from International Economic Association assert that oil demand would begin to rise starting from the middle of year 2009, when growth rate is going to be up to 1 mln barrels a day. The growth of demand is explained by growth of economy which is will be slowly but steadily recovering from the crisis first of all thanks to nowadays low oil prices. However, with the assumption that the OPEC has been cutting down quotas, it is easy to guess that very soon there will be oil shortage, which is not so easy to relieve. It is true that crude oil production is like a huge flywheel rotation. It is not easy to spin it down, but when it gets slowed down – it is terribly hard to make it running up. As a result of shortage, many consuming countries will be readily paying twice or even thrice as much as current oil cost with the only reason to feed the recovering economy. In case they fail to do that, the economic crisis will be aggravated! I think it would be wise to make oil reserves for that case. Indeed, investing in oil must be the most profitable way of investment!