<The Megaproject update The Oil Drum Critiquing the 2006 Megaprojects report>

28 comments on Taking a look at the First Quarter graphs

Comments can no longer be added to this story.

| Show without comments | PDF version

Luis de Sousa on April 6, 2006 - 4:23am Permalink | Subthread | Comments top
Thank you once more HO, a lot of information in this post.

The overall picture is a shift in the US from crude imports to refined products imports. Demand is not retracting (at least at a significant pace).

The economic strength of the US seems to be still offsetting the moderately high prices. Difficulties in importing crude or refining it are met simply by importing the final product.

This data also tells you something about the threats made by foreign exporters of cutting crude supply to the US: it'll have a much smaller impact than intended. As long as the strong position of the dollar holds the US will get all the oil needed from the world markets, as crude or finished product.

Comments can no longer be added to this story.
MicroHydro on April 6, 2006 - 7:51am Permalink | Subthread | Parent | Comments top
"As long as the strong position of the dollar holds"

Have you looked at the gold market lately?  There is your prognosis for the US dollar.

Comments can no longer be added to this story.
Oil CEO on April 6, 2006 - 8:17am Permalink | Subthread | Parent | Comments top
Maybe you could explain this position. And then afterwards you could take bets on how right you were going to be.

Oh, I'm sorry, you didn't want to do that? Oh, OK. Maybe next time.

Comments can no longer be added to this story.
Luis de Sousa on April 6, 2006 - 10:25am Permalink | Subthread | Parent | Comments top
So that long might not be that long.

I've that same feeling but I'm no economist, I left it open to everyone's sense.

Comments can no longer be added to this story.

28 comments on Taking a look at the First Quarter graphs

Comments can no longer be added to this story.

| Show without comments | PDF version