31 comments on Simmons: Energy Optimists vs Energy Pessimists (and Understanding EIA Data)
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31 comments on Simmons: Energy Optimists vs Energy Pessimists (and Understanding EIA Data)
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I'd really like to see a global oil demand post for what has happened in the last year. Which countries have seen the biggest demand drops? Any coming back?
Rune has a post which we are planning for Tuesday that shows in that in the past, OECD countries (in other words, the "developed" world) is much more affected by price spikes than China or India or the oil exporting nations. He also explains why this might be the case.
I think we are starting to see that OECD countries are most-affected by the demand slump now as well. There was an article in the Wall Street Journal yesterday called India Defies Slump, Powered by Growth in Poor Rural States. Today there was an article called China Turns a Corner as Spending Takes Hold. (If the articles don't pull up, type the names into Google, and they should pull up, even if they are behind a pay wall.)
We may be able to run another article on this subject as well. Thanks for the idea!