Monday, July 04, 2005

Oil - Demand Growth Conundrum

Mike Watkins at TrendVue has a thoughtful piece called Oil - Demand Growth Conundrum. I highly recommend reading the entire piece. It is quite surprising to me that even as we are approaching what one might call risky times, where one major supply disruption would send the global economy in to a tailspin, and we do not have large scale coordinated efforts to deal with it. We may indeed be forced to save oil in a hurry. The trends from this 4th of July weekend indicate that traffic volume will be at its highest point ever for a three-day weekend. Fasten your seat belts and enjoy the ride!

P.S. See A More Expensive Vacation Trip on why the higher gasoline prices are not deterring Americans from slowing down the holiday travel.

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