Much ado about oil

There is much debate in the media about oil demand and supply. And in a typical media fashion, they make prophecies and predictions. A sensible investor must not base their buy or sell decisions based on these, almost daily, predictions.

However, for a keen investor, these predictions do show a lot about Mr. Market's current view of the future. Reading predictions can be highly instructive if one tries to read between the lines.

For example see this prediction about oil demand around the world. It is interesting to me to see that the prediction factors in increased energy efficiency for the OECD countries. But it naively expects that the non-OECD world, namely rising giants like China and India wouldn't inherit these efficiencies.

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