Tuesday, Jun 12, 2007
Oil and house prices
oildrum.com: Oilwatch Monthly - June 2007
Wonder why oil prices keep high? and why inflation is here to stay? Peak oiler's have been predicting this for ages, this report from the oil drum summarises a terrible situation for the economy. If true, it means that inflation, interest rates and asset prices are in for one hell of a battering.
1) Total world exports of all fuel liquids have been on a plateau since the end of 2004, and declined slightly in the last year, despite production increases.
2) Liquids exports from non-OPEC countries as a whole have declined since the beginning of 2004.
3) OPEC liquids exports have increased until the end of 2005, followed by a short plateau after which a slow decline set in, mainly due to declining production in Saudi Arabia.
Posted by philipe @ 09:54 PM (128 views) Add Comment
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