<This Week in Petroleum 6-6-07 The Oil Drum DrumBeat: June 9, 2007>

98 comments on Gasoline Prices – Part I: Immediate Causes

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CrystalRadio on June 4, 2007 - 11:21am Permalink | Subthread | Comments top

Hi Robert,

I have taken the liberty of making bold with part of your statement:

Looking ahead, the supply/demand picture will likely remain very tight for years, although there will be occasional relief depending on the season. But it looks to be the rule, rather than the exception, that higher gasoline prices are here to stay. A return to sub-$2/gal gasoline appears highly unlikely (again, some seasonal exceptions are possible).

That bit seems to imply future relief to that situation, are you looking to a decrease in demand? If so, how so? Or do you have some arcane knowledge of future increases in production?

Thanks.

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Robert Rapier on June 4, 2007 - 11:34am Permalink | Subthread | Parent | Comments top

That bit seems to imply future relief to that situation, are you looking to a decrease in demand? If so, how so? Or do you have some arcane knowledge of future increases in production?

No, I don't see any relief in sight. When I say "years", what I mean is as far as I can see.

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CrystalRadio on June 4, 2007 - 2:41pm Permalink | Subthread | Parent | Comments top

That's also a relief, I thought for a while we would be seeing doomers jumping from windows, Nice to know it is still Buggered as Usual. ;>)

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98 comments on Gasoline Prices – Part I: Immediate Causes

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