get worse before it gets better? crude oil

Discussion in 'Energy Futures' started by maxitronixy, Jun 8, 2009.

  1. get worse before it gets better? crude oil prices

    - record supplies about 58 days or something

    -cyclical demand, - recession Us, Europe and japan are in recession, they contribute , respectively , 10.1 trillion,7.6 ,2.8 while china and india contribute 1.6 and 0.6 trillion respectively us and europe , not likely to come out of recession soon



    get better

    - supply is constrained by lack of exploration, poor prices motivate little exploration, lack of financing avliable

    -china(blah blah growth etc)


    your opinion?