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Jul 24, 2008 9:15 PM GMT
Dear Sirs,I tend to agree with a significant amount of what Mr. Morse thinks and says.Its very clear that there has been an unprecedented amount of Demand Destruction in The Western World(OECD members).Even in booming Asia,consumers are starting to tighten their buckles on account of Double Digit Inflation.This will have an effect on reducing the Consumption of Oil everywhere ,except in OPEC.For them Oil is way too cheap and they will continue to consume huge quantities of Oil.I was looking at GM and Fords Sales Figures and the only place on earth where their SUV sales are going up is in OPEC countries.This Oil Bubble looks all set to burst and soon(Oct-Nov 08).When that happens OPEC consumers will be in a massive soup as there is no way they can continue to afford their generous subsidies on Oil.We will get a more efficent Global Economy in the next two-three years.I can't wait to see Chavez and Putin's faces when that happens.Best RegardsAshish.
Jul 24, 2008 2:46 PM GMT
what amazes me most is that there are no comments posted. Guess, you just does don't post comments on-line. Where are all the environmentalists?Where are the politicians?Where are the bloggers?Guess they all got drunk and that could be darn good thing for the alternative energy!!!
Jul 17, 2008 3:15 PM GMT
Big oil supply from the Gulf in 2013!!. Now there's a safe bet; If and when it happens no one will remember you.Having "Energy Policy formulator in the Carter Administration on your resume is a shoe in for top broom in tonights clean up crew.This is pie in the sky drivel.