[SustainableTompkins] FW: Oil and gasoline facts, figures, and graphs

[Anthony Ingraham]

> [Original Message]
> > Subject: Oil and gasoline facts, figures, and graphs
>
> Hi Tony,
>
> For the numeracy freaks out there, there's lots of interesting 
> numerical data and graphs in this recent document:
>
>
http://www.energytomorrow.org/energy_issues/truth_about_oil_gasoline_primer.
pdf
>
> The EIA price projections on page 6 are footnoted with a statement 
> that "some easing of the oil market by 2009 is expected due to 
> increased production outside of OPEC and planned additions to OPEC 
> capacity." Their prediction is that WTI crude will drop back to 
> $92.50 next year. Sceptics in the audience will wonder whether and to 
> what extent the folks at EIA have taken into account the ongoing 
> trend of a robust increase in demand and whether it might overwhelm 
> any increase in extraction capacity. I've polled friends here about 
> whether they might have some ideas about this.
>
> For some time now I've been curious to what extent the recent rise in 
> oil price, commonly stated in $/bbl, is attributable to the weakening 
> of the dollar compared to other currencies, in addition to 
> fundamental factors of supply and demand. Finally I have found charts 
> (see page 8 of the report) that show the 
> recent historical trend of oil price in dollars vs euros and yen. 
> When expressed in euros or yen, the price of crude is still rising 
> fast, but at only about 70% of the rate of the price increase in dollars.
>
> Piper