VOL. XLVII
No 14
05-April-2004
RFG Shortage Fears Overblown, Says SEER
The current elevated oil prices represent a bubble rather than actual market tightness, according to Strategic Energy and Economic Research Inc (SEER) of Winchester, MA. In the Global Petroleum SEER Alert of 25 March, SEER President Michael C Lynch observes: While US inventories are slightly low and OPEC surplus capacity is minimal, the market balance should greatly worsen in the next few months with rapidly rising...
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