Middle East Economic Survey
VOL. XLVIII
No 31
1-August-2005
Supply Bottleneck Emerging, Warns FACTS
While global oil demand continues to grow strongly, a supply side bottleneck is emerging, according to Honolulus FACTS Inc. At the 10th Asia Oil and Gas Conference in Kuala Lumpur on 12-14 June, FACTS President Fereidun Fesharaki and analyst Alexis Aik presented a paper which warned that the oil industrys supply/demand balance was no longer in its usual cycle pattern: We are in a new plateau....
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