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Wednesday, July 11, 2012

OPEC Oil Demand up 800k/day 2013, 900k/day 2012

Some perspective on the "glut" of oil that we have

Total Bakken production after 5 years of pretty heavy drilling is 500k per day.  Oil demand globally growing more than that every year

http://mobile.reuters.com/article/idUSBRE86A0F220120711?irpc=932

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