It shouldn't, according to Canadian Randy Johnson, Country Chairman of Chevron Oil in The Philippines, who I met yesterday.......Current worldwide consumption is 85 million barrels a day, up from 75 million barrels a day 10 years a go. Maximum production capacity is 90 mbd. The cushion of about 5 mbd is vulnerable, however to both supply interruption and increase in demand....
Posted on The Tap Blog.
Friday 22 February 2008
$100 Oil Puzzles BBC
