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BP Prudhoe Bay Royalty Trust Message Board

  • vickersviscount vickersviscount Jan 3, 2006 12:40 PM Flag

    2% demand = 10% in 5 years.

    that my friends is all you need to know about the price of oil. The official 2% annual growth in oil demand means 10% more oil is needed in 5 years. . .there is NO 10% spare capacity on the planet in 5 years. It would take 5 years to drill and bring to production oil from Alaska, additional from Russia, Saudi, etc. . .can we say $100 oil folks??

14.73+0.190(+1.31%)May 5 4:02 PMEDT