Background Noise, Fluctating Predictions, But Always Nice To See -- USEIA Raises Global Oil Demand For 2013, 2014 -- The Bakken Can Handle Increased Global Demand; Don't Worry, Be Happy

Platts is reporting:

The US Energy Information Administration Tuesday raised its 2013 and 2014 global oil demand forecasts, citing strength in Asia. 

 In its June Short-Term Energy Outlook, the EIA raised its 2013 oil demand forecast by 99,000 b/d, to 90.03 million b/d, and its 2014 demand forecast by 82,000 b/d to 91.22 million b/d. 

"Non-OECD Asia, particularly China, is the leading contributor to the projected global consumption growth," the EIA said.

North Dakota production: 800,000 bopd/24 hours = 33,000 bbls/hour

A global increase in demand of 99,000 bbls/day = 3 hours of North Dakota production. "We" can handle it.