Robert

Where do you get your figures for oil being in over supply? I'm interested as I have investments in oil and my understanding had been that, worldwide, we are still consuming more than we're producing (running down inventory in the process). If you could post a link that would be appreaciated.

There is a lot of talk about energy demand destruction but I believe the lastest forecasts are for the world to grow at 4% next year. I don't see how that happens without increased oil consumption, maybe another 1mbpd instead of 2mbpd increase. Consumption is certainly slipping in the developed world but the first bit of demand destruction is the easiest.

Sorry for being competely off topic!

Thanks

Chris