Worldwide crude oil consumption will increase by 1.3 million b/d this year and by 1.5 million b/d in 2013, ....Somehow the difference between 18.96 million and 19.01 million seems somewhat inconsequential, not statistically significant, and unlikely to be reproducible. The difference is 0.05 million or 50,000 bbls of oil per day.
Absent a significant oil-supply disruption, EIA expects the recent tightening of world oil markets to moderate in 2012 and to resume in 2013.
US oil consumption is forecast to average 18.96 million b/d this year and 19.01 million b/d in 2013 vs. 18.87 million b/d in 2011.
And that's why I round a lot of numbers on my blog. Both "18.96 million" and "19.01 million" seem to be about 19 million to me.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.