Gas Prices Explained

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denjohn
Getting Hooked!
Location: Tracy, MN
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Re: Gas Prices Explained

Post by denjohn » Sun Apr 15, 2012 8:41 am

Since 2005, despite a phase transition in prices, global oil production has been trapped below a ceiling of 74 mbpd (million barrels per day).
While demand from China, India, etc have greatly increased.

More at:
http://www.businessinsider.com/global-o ... ata-2012-4
Peace
'71 bus, stock running gear ex SVDA and pertronix

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Amskeptic
IAC "Help Desk"
IAC "Help Desk"
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Re: Gas Prices Explained

Post by Amskeptic » Sun Apr 15, 2012 11:47 pm

denjohn wrote:
Since 2005, despite a phase transition in prices, global oil production has been trapped below a ceiling of 74 mbpd (million barrels per day).
While demand from China, India, etc have greatly increased.

More at:
http://www.businessinsider.com/global-o ... ata-2012-4
I see higher prices.
MadameTarot
BobD - 78 Bus . . . 112,730 miles
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