No 14


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...