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wcaseym (70.19)

Phlunkin' Maroons!

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October 05, 2007 – Comments (2)

There you have it, ... from WSJ:

The world economy has managed, with some indigestion, to swallow the rise of oil prices past $80 a barrel. How well could it survive $100 a barrel?

The answer is quite well -- [...]

[...] Demand is chugging along. The Paris-based International Energy Agency sees world oil demand in the fourth quarter rising by 2.8%, or 2.3 million barrels a day from a year ago, to nearly 88 million barrels a day.


How Economy Could Survive Oil At $100 a Barrel
http://online.wsj.com/article/SB119102487310743331.html?mod=hps_us_pageone

Think about this! ... Nearly 88-million bbs/d, ... yet in August 2007 world was producing only, ... oh, about 84.6-million bbls/d, ... and that is less - by about 850,000 bbls/d then produced in August 2006. No foolin', ... that is what the same IEA is reporting!

Phlunkin' maroons - both, WSJ and IEA!

C.

2 Comments – Post Your Own

#1) On October 05, 2007 at 5:30 PM, TMFBent (99.81) wrote:

Sir, I agree with your point, but I must protest your use of Maroons! I believe Maroons would have been clever enough to see exactly what you're talkin' bout!

Only rosy-lenses market groupies are as fuzzy headed as you describe.

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#2) On October 05, 2007 at 5:49 PM, wcaseym (70.19) wrote:

So, sorry.  I was thinking more-less along the lines of Bugs Bunny:

"What a maroon! What an ignoranimous!"

http://www.barbneal.com/wav/ltunes/Bugs/Bugs34.wav

C.

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